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RE: [ST] FYI Gas prices



>Turn off the TV and read some Econ books. 8>)

Andrew,
The numbers I quoted on the Arab oil embargo are hard facts. If you don't
believe it was manipulated ask Virginia Power and Electric, one of the few
that were caught, what it cost them in penalties for "converting" Nigerian
oil to OPEC and putting surcharges on its customers.  Another thing you
might want to look at is how much oil is still in Texas and Oklahoma
waiting for the prices to get high enough for water injection to be cost
effective.  Just because you don't like environmentalists doesn't change
facts.  Here is one.  The Alaska oil pipeline would have never been built
if it wasn't for the "promises" that the oil would ONLY be shipped to the
US to reduce our dependance on foreign oil. Wanna bet that it ALL has come
to the US???  The environmentalists are wacko, they said stuff like the
caribou would go sterile and other weird crap, but they also predicted
Exon Valdez.  When it comes to refinery capacity, that was also a ploy
used in the Arab oil embargo days.  That capacity varies by what they have
scheduled for production.  It's not all that difficult to manipulate the
schedule to create shortages in particular areas.  Last but not least you
can throw out Econ 101 when it comes to world politics.  A well documented
case of this was when Japan wiped out US memory chip production back in
the eighties.  If you want to apply Econ 101 then just look at what the
future implication to the US economy is going to be beyond the impact on
the number of bikes running US 129.


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