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: Douglas V. Fant who wrote (37962)	2/22/1999 1:52:00 PM
From: A. Geiche	of 95453

Re: intentional destruction of US oil industry. <<[Senator] Domenici makes the first public reference/acknowledgement from a federal politician that the Clinton Administration is intentionally letting the price of oil drop to fit its domestic policies, and will simply build up the military to secure greater oil imports.>> Clinton Administration is not inventing anything new. The idea of TOTAL halting of oil production in US and reliance on cheap foreign oil in order to save the US oil for future is very old. I was a part of one such discussion in l972.At that time though, it would not be very prudent policy because of the USSR, but now US may do what it please. Do not be too harsh to Clinton. He is also a sort of puppets.. Maybe he does not have any intent to destroy the US oil industry, but he cannot save it as well. The country (and, in fact all world) needs cheap oil, it is profiting from it greatly. It is available.. This availability has to be and WILL BE secured and guaranteed... for how long? -- for ever.. until the enormous foreign resources are exhausted. We are at the center of US policy which disregard us..

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