Crude Oil and Presidential Intervention?

Stephen Frye safrye at CONCENTRIC.NET
Thu Oct 12 19:51:39 MDT 2000


At 07:40 PM 10/12/00 -0500, you wrote:
>If the price of crude oil should reach $40 or more for each barrel,
>should the President freeze retail gasoline prices if the major oil
>companies pass on the increased price of crude oil to the consumer.
>
>

Seems like the president's releasing of oil reserves hasn't had the desired
effect.  I tend to think Mr. Bush could gain some strategic points over
this week - depending, of course, on how things play out.

Stephen Frye



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