Crude Oil and Presidential Intervention?

Thomas J. Benthall tbenthal at SCHOOLLINK.NET
Thu Oct 12 23:38:22 MDT 2000


On 12 Oct 2000, at 19:40, Richard A Whitenight 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.

Huh?   Does this mean that you think there is a possibility that the oil companies will absorb the
higher crude price?



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