Before things get that far, Washington will re-plead its case to Saudi Arabia to open the taps, or atthe very least prompt Ali Naimi (the long standing Saudi oil minister) to quell the market with the right kind of supply side messages.
We believe, therefore, that it is imperative that final action on START II be postponed until the Congress and the Executive Branch have arrived at an understanding leading to theprompt deployment of effective anti-missile defenses capable protecting the entire United States from ballistic missile attack.
Nonetheless, the news might prompt new legislation aimed atthe pharmaceutical industry, though it is not clear at this point what form, if any, a bill might take.