Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.26

-0.6%

3:05 PM EST

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To: Mark Fleming who wrote (81233)	9/22/2000 4:45:24 PM
From: Climber	Read Replies (1) of 152472

Another point of view: "If government must do something, it could open up the otherwise useless Strategic Petroleum Reserve for domestic consumption. Energy economist Phil Verleger argues that using our "rainy day" oil fund to combat periodic OPEC price-gouging operations is the only sensible use of the SPR, and he's right. Tapping the SPR could bring prices down $10 a barrel or more almost overnight. If the Saudis are intent on using their short-term market power to periodically hold up American consumers (a power that God gave them by putting those dirt-cheap reserves under their sand), then using the reserve to buy oil when it's cheap and sell oil when it's high makes eminent sense. Moreover, it will discourage future price-gouging episodes by taking some of the profit out of them." cato.org Climber

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