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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: still learning who wrote (47878)	7/13/1999 1:34:00 PM
From: ChanceIs	Respond to of 95453

Still Learning - I think that the remedy is prescribed, a tariff on imports. I suppose that the percentage and duration varies with the degree of the dumping crime. The effect would be to make certain foreign oils more expensive to domestic refiners and thus favor those foreign crude producers which didn't dump and the domestic industry. The domestics would get back market share and/or higher prices from the refiners. Retaliation notwithstanding, the producers, drillers, and explorers would benefit. I think that the refiners might be hurt slightly unless they can pass price increases on to the pump. They have not been able to do that the last two months, but I think that will start to change with this PM's API numbers.