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Politics : PRESIDENT GEORGE W. BUSH
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To: Kenneth E. Phillipps who wrote (123035)1/21/2001 7:25:26 PM
From: H-Man  Read Replies (1) of 769667
 
The idea is right (best policy is no policy). However, if stop looking the other way, what you find is that Mr. Clinton and liberals have interfered with the free market.

Preventing exploration and closing of here to fore available supplies, is a policy. Just a dumb one. Stopping the building of new refining plants is policy as well. He placed significan constraints on supply.

Additionally, the major points of the article are critical of jawboning OPEC and threatening oil companies and the political use of the strategic petroleum reserve.

"Political saber rattling about the alleged profiteering of "big oil" actually makes the crisis worse
...
If companies can't cash them (inventories) in at a profit during price run-ups because they fear criminal investigations or the imposition of "windfall profit" taxes, companies won't bother maintaining inventories in the first place. "

Who was doing that ?

You posted: Clinton did not interfere with the free market Yeah right. I have some ocean front property in Arizona I will sell you cheap. Interested ?

Mr. Clinton and liberals have interfered with the market in the most direct way possible, by meddeling with supply and ignoring demand. And then demagoguing when they should have been looking to provide assistance.

Also the article assumes that the rise in price will increase exploration. Well that is true, as long as you don't stop the exploration, as Clinton has done.

So now President Bush needs to alleviate the constraints on supply. Let the market do the rest. Funding and/or providing some incentives to conservation and alternatives seems like a good Idea too.

c'mon Kenny i am sure you are smarter than that post.
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