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Technology Stocks : All About Sun Microsystems

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To: Charles Tutt who wrote (36179)	10/5/2000 7:28:14 PM
From: cheryl williamson	Read Replies (2) of 64865

Charles, If necessary, the oil industry should be subsidized temporarily in order to drill & produce more oil. You're wrong, the point IS to lower the price of oil/natural gas. If Clinton/Gore hadn't been asleep at the wheel they would have ecouraged domestic production. Since they haven't and production facilities are at capacity it will take time to expand them. Like it or not, oil & natural gas still drive this economy. It's worldwide consumption that is gradually driving up prices in Europe that are causing our high-tech companies to revise their earnings estimates downward. This is a qualitative shift that is not going to help the computer industry to expand. BTW: they are trying excessive taxation in Europe right now in order to "teach" Europeons how to conserve energy (like gasoline). It isn't working there and it won't work here. Taxes on oil hurt the little guy more than the wealthy, and the little guy won't put up with it here any more than they are in Europe.

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