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Strategies & Market Trends : Axxel Knutson's Trading Weapon
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To: Axxel who started this subject5/24/2004 2:39:36 PM
From: Axxel   of 188
 
AXXel Radio Ireland Interview-RE: Crude Oil Price Spike
AXXel was interviewed this morning [afternoon in the UK] regarding the spike in oil prices. AXXel has long contended that it is incumbent upon the U.S. to reduce consumption and that this can only be done via large increases in the Federal gasoline tax to drive the American consumer into more fuel-efficient vehicles [an unpopular idea no doubt at first glance]. But if we refuse to scale down our vehicles, gasoline prices will simply approach $5.00-7.00/gallon anyway simply because of the constraints of supply, so better to get us out of our SUV’s [including AXXel’s] and into cars getting 40 MPG+, thus likely eliminating our need to import oil from unstable sources [OPEC], eliminating our negative balance of payments and improving the economy.

But not to worry, there is not a leader in sight in the U.S. that pays ANY attention to our piggish energy stance…but we will pay for this stance…eventually and maybe it will take oil at $100.00/bbl to do it.

Here is the interview on RTE, Radio Ireland – the link is
rte.ie
and look for “Audio & Visual” “News at One” – you must have RealPlayer or MSFT’s Media Player to hear.

AXXel’s interview on Radio Ireland today
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