Crude Oil and Presidential Intervention?
Thomas J. Benthall
tbenthal at SCHOOLLINK.NET
Fri Oct 13 11:38:32 MDT 2000
Don't expect any govermental freezing of gasoline prices.
Unless the President and his cronies are more economic illiteral than I think they are, it ain't
Gasoline supplies are already at a low state. A price freeze would only exacerbate the problem.
Not only that but petroleum derivitives would would also decline in availibility. This would seriously
affect corporate profits.
Also, this would create a further decline in the GDP. No president, I think, would risk this
happening at this time. Especially in light of the fact that the GDP is already less than what is
reported by the gov't (gov't figures are manipulated).
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