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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (138472)8/2/2001 11:54:27 AM
From: TimF  Read Replies (1) of 1570913
 
Will it just go to cut the cost
of energy for the Japanese,

If it cuts energy costs for the Japanese it will also serve to cut energy costs for the US. When you add to the world wide supply of oil you decrease the world price. Oil (unless subsidized or taxes heavily) does not have enormously different prices in different areas of the world. It is a commodity that is shipped around the world in the largest ships ever created by man. It does have different prices for different qualities of crude, but the US uses some lower quality crude and lower prices for the lower quality crude will shift some demand to lower quality crude and thus push the price down for the higher quality stuff as well (but probably to a lesser extent then it would decrease prices for low quality crude).

Tim
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