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Pastimes : No Mideast Oil Products - A petition
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To: BigBull who wrote (131)10/16/2001 2:40:13 PM
From: MulhollandDrive  Read Replies (1) of 280
 
>>I believe you are incorrect. OPEC greatly fears the following:
1. Conservation.
2. Development of alternate energy sources.
3. Increased oil production from non-opec sources.

This fear is generated by the painful lessons OPEC learned the last time they used "oil as a weapon" in the seventies. OPEC has attempted to keep prices below the level at which all three elements are initiated. That is what the "price bands" are mainly about. OPEC learned:

1. Don't kill your best customers.
2. Don't economically strangle your best customers.
<<

OPEC may want to add another bullet point.

3. If we're not for the US in the fight against terrorism we will be AGAINST them. Doing so will alienate our best customer.

Regular gasoline in my area is now down to $1.11/gal.
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