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Technology Stocks : Intel Corporation (INTC)
INTC 37.32+1.8%3:59 PM EST
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To: GVTucker who wrote (110027)9/16/2000 12:44:50 AM
From: Jim McMannis  Read Replies (3) of 186894
 
RE"If Gore wins the presidency, as I expect, don't be surprised if you start to hear talk about re-regulating the price of natural gas à la the 1970's. It won't work any better now than it did then, but it won't stop Gore from trying. There will be too many howls for the government to 'do something'. "

If Gore wins we can pretty much be guaranteed high oil prices and recession.
1. He won't lower taxes. He might even try to raise them on gasoline to curb consumption.
2. He won't approve any drilling in the Arctic Wildlife refuge and probably not off California and Florida.
3. the markets will be destined to cycle their way through this. I remember well the 2 year bear market caused by the same thing in '73-'74 and the crushing recession that followed. All due at in large part to a failed energy policy. Just like we have now.
Clinton has to be glad he's leaving on this one...all he does is beg OPEC and say higher oil prices won't effect the US economy...
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