Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SliderOnTheBlack who wrote (35408)	1/19/1999 10:51:00 PM
From: upanddown	Read Replies (1) of 95453

Slider, the speech is finally over and Bubba didn't say a word about "lets get them oil prices up". If he had, it would have been greeted with total silence. The great majority of DC pols come from states without significant energy industries and they don't have to poll their constituents to know what they want...low gas prices, low heating oil prices, low NG prices. They hate Big Oil and they hate OPEC. The only possible help might be Strategic Reserve purchases but that is a band-aid and not a solution to what is really a global and not strictly a domestic problem. The attitude is that the oil bidness got itself into this fix and the oil bidness will have to find its own way out. I tend to agree. Its not the business of the government to bail out uncompetitive businesses. John

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