Crude Oil and Presidential Intervention?
tom.matiska at ATT.NET
Fri Oct 13 13:17:10 MDT 2000
I understand the export of Alaska oil is old news, and
is done for economic reasons that actually make sense.
The cost of shipping Alaskan oil to Japan vs the lower
48 is comparable. Shipping from the Mid East, South
America, etc to Japan is much more expensive than the
shorter trip to the US.
Alaskan oil goes to Japan, Arab oil goes to the US, and
_somebody_ pockets the savings. Who exactly pockets the
savings isn't clear. Probably not the consumer.
> The problem with freezing prices is that no one is going to produce a
> product if they can't make a profit.
> I have been told most of the oil coming out of Alaska is being exported.
> If this is true then it must be stopped. Independence from foreign
> sources is the only answer to the problem.
> We can thank our own government for the mess we are getting into.
> On Fri, 13 Oct 2000 08:30:37 -0400 Gary Freitag <gfreitag at GREATBATCH.COM>
> > 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
> YOU'RE PAYING TOO MUCH FOR THE INTERNET!
> Juno now offers FREE Internet Access!
> Try it today - there's no risk! For your FREE software, visit:
More information about the Rushtalk