SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Alighieri who wrote (138268)7/24/2001 1:09:01 PM
From: i-node  Read Replies (2) of 1583823
 
178 countries + Seattle Wa thought otherwise.

I think that about summarizes my view, too. After eight years of letting our country be run by the rest of the world, I think it is great to see us take a stand and tell the rest of the world, "Hey, this is what we're going to do. You can like it or lump it." It was time we had leadership that was representing OUR interests for a change.

Your view would confirm that these two guys mis-represented the problem

Hardly. Cheney made absolutely clear that we would see an easing in prices shortly after Memorial Day, even as this was going on. Why? Refineries are what allows crude to be converted in a timely manner -- if you don't have enough refineries, you get a bottleneck in supply. Inventories have increased, and therefore price has decreased. Not complicated, and this was detailed by Cheney up front.

Before you go accusing Bush/Cheney of "campaign paybacks" (an allegation for which there isn't a shred of evidence), let's remember what your guys did about it: Released oil from the reserve. Talk about politics!!! This was such a clear attempt to politicize the issue it was sickening.

You have to view this problem in its totality -- when crude is available, if you don't have refinery capacity, you'll have increased prices at the pump. Likewise, if OPEC cuts supply, you'll have increased prices at the pump.

Bush and Cheney have BOTH made it clear that we need (1) our own sources of crude to eliminate OPEC control of supply, and (2) increased refinery capability to smooth out supply and demand bottlenecks.

This is not a difficult concept to understand.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext