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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: russwinter who wrote (13374)	10/13/2004 11:26:54 AM
From: mishedlo	Read Replies (2) of 116555

Sarkozy sees ´no chance´ that oil situation will improve on its own [This viewpoint from France seems reasonable enough - Mish] Wednesday, October 13, 2004 8:36:38 AM afxpress.com Sarkozy sees 'no chance' that oil situation will improve on its own PARIS (AFX) - Finance minister Nicolas Sarkozy said there is "no chance" that record high oil prices will come down of their own accord and that major energy-saving measures must be put in place He ruled out, however, a reintroduction of the TIPP floating tax on oil and fuel products that was aimed at reducing volatility in energy prices Restoring the tax is "a decision which must be taken alongside European partners," Sarkozy told state radio France Inter Farmers however, will benefit from a temporary 4 cent per litre cut in the price of fuel for operating their machinery, he announced

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