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Politics : Politics for Pros- moderated

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To: John Carragher who wrote (112487)	5/4/2005 1:16:57 PM
From: michael97123	Read Replies (2) of 793939

Message 21288266 My reply to that post regarding Bear Stearns and the price of oil. Any comments on the possibility of using falling oil prices below $40 to solve a strategic dilemna on both supply and demand sides? <Hi G, If we assume Bear is right, can you imagine the positive effect on the economy with oil falling to $40 and then $25? I am not sure how the govt can do this but if they could retain some of the cash between oil at $40 and oil at $25, that would help reduce the deficit, continue the incenting of alternate sources of energy as well as encourage conservation. If the price of oil subsequently went back up, tax would go away. A little socialism from a capitalist i guess to solve a strategic problem for the US. Mike >

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