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Gold/Mining/Energy : Oil & Gas Price Economics
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To: kingfisher who wrote (233)9/2/2000 2:52:44 PM
From: rajaggs  Read Replies (1) of 350
 
Yes, Clinton's mouth has his feet securely implanted already and the price is going up no matter what he mumbles. He is only drawing attention to the gravity of the problem and trying to solve the problem by reverse osmosis.
Surely in the land where almost everyone understands supply and demand; the Chief Executive (or Executioner) should see that the long term solution to the problem of energy supply and pricing lies on the demand side and not on the supply side.

>> Moreover, you curtail the demand response as well. If consumers believe high prices are here to stay, they will make adjustments to their homes and automobiles. The demand for energy will be less at all prevailing prices if the market believes high prices are here to stay. <<
You'd better believe it and one way to make them understand it is to tax all automobiles, including diesels, is to tax them at time of purchase, at $1 per cubic centimetre of engine capacity or pound of weight. That'll hit them when they are anteing up $25,000+ at the same time. It'll make companies and consumers think twice about that big V8 or V6 instead of efficient 4-cylinder engine.
So will a higher tax on gasoline instead of a band-aid reduction in taxes.

Meanwhile I'll call my banker to order a larger vault in anticipation that Billy Joe Bob Clinton will try to mouth his way out of this crisis, starting from the wrong end, as usual.
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