Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (55442)	11/2/2004 7:00:28 PM
From: Snowshoe	Read Replies (2) of 74559

Another difference from the 1970s is that today we have the SPR (Strategic Petroleum Reserve) to help defend us against an oil embargo. Do the French, Germans, and Chinese have an SPR? BTW, I fully agree with Bush's decision to keep filling the SPR despite the current high oil prices. Kerry has said he would stop filling it. OTOH, I agree with Kerry's support for better gas mileage. Not sure I like the CAFE mechanism, though. There may be getter alternatives.

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