CNBC INSIDERS ON OIL PRICES + CONSPIRACY?

CNBC INSIDERS ON OIL PRICES + CONSPIRACY?

PHIL DODGE STANFORD GROUP ENERGY ANALYST
Energy Department stopped to buy for Strategic Petroleum Reserve (SPR) back in April, three possible reasons
(1) price was too high: official excuse given
(2) reserve adequate:
(3) political decision: skeptical because process started back in April..

they could have put some more in (SPR)..obviously bad politics if they continued to buy when price was $65-70..

JOHN KILDUFFF FIMAT USA VP OF ENERGY RISK MANAGEMENT
they filled SPR week in and week out and now all of a sudden because they now to be refilled after Katrina, they decided not to for some reason..abandoned expansion plan to raise SPR..Clinton did it in September 2000 (tapped SPR to lower oil prices)..