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Re: Fwd: Price of Gas


I'm no fan of big oil either, but oil is a commodity, like cocoa, wheat, gold and pork bellies.
And nothing is more volatile than the commodity market. As a former
commodity bookkeeper for Merrill Lynch (during the early 80's when the
oil boom went bust) I can assure you those markets respond to panic and
can take on a life all their own. Very bizarre phenomenon. Personally I
believe this is all a tempest in a teapot, but that's probably the
cockeyed naive optomist in me speaking.


---------- Original Message ----------------------------------
From: "Marge Talt" <mtalt@hort.net>
Reply-To: gardenchat@hort.net
Date:  Thu, 13 Feb 2003 23:48:59 -0500

>What works in the other direction, Kitty?
>
>Marge Talt, zone 7 Maryland
>mtalt@hort.net
>Editor:  Gardening in Shade
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>----------
>> From: Kitty Morrissy <kmrsy@earthlink.net>
>> 
>> I'm not a friend of Big Oil, but I have to admit it works the other
>> direction, too, Marge.
>> Kitty
>> 
>>  What is interesting to me is that the price at the
>> > pump is going up whether that gas has been there for a month or
>was
>> > put in yesterday.  Do think the oil companies are going to profit
>> > nicely from this current panic.
>
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>

--
Pam Evans
Kemp TX/zone 8A



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