Crude Oil and Presidential Intervention?

Gary Freitag gfreitag at GREATBATCH.COM
Fri Oct 13 06:30:37 MDT 2000


rum.runner at juno.com writes:
>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.

That would certainly make matters worse.  The time to make strategic moves
to keep the cost of energy stable and reasonable has passed.  I am afraid
we are going to start seeing the oil situation reflected in other areas of
the economy through belt tightening, fear, and possible recession.


Gary
gfreitag at greatbatch.com



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