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To: unclewest who wrote (8793)	11/26/2000 9:40:38 AM
From: JohnG	Read Replies (2) of 22706

UncleWest. If you believe high energy prices can sink the economy, you better be real worried. In 5 to 12 months, these high spot prices will replace the much lower contract prices for gas. oilnergy.com Oil stays high too despite Clinton's "pissing into the wind" efforts to make political hay by releasing a small amount from the strategic energy reserve. During the recent period when oil sold for $12/barrel, marginal wells were shut down. Guess what, now with oil above $30/barrel, they cannot be restarted due to filling in with sand and other geological well known geological phenomenon. Having fools in power, we had no energy policy and destroyed this resource. oilnergy.com JohnG

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