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To: Frank Ellis Morris who wrote (101689)	3/28/2000 4:42:00 PM
From: GVTucker	Read Replies (4) \| Respond to of 186894

Frank, RE: I think it is most disturbing that we are suffering immense serious harm at the fuel pumps by the oil cartel while the DOJ turns its back on that issue and is preoccupied with sticking it to Microsoft. Why doesn't the DOJ advocate that the United States and Great Britain unite to control the Oil Cartel or to oversee its distribution?. We cannot permit the economy and engine of the world to be at threat at the hands of a few. The only way that the US/UK could do anything about the price of oil is if they subsidize exploration and production. Note that there is disagreement among the OPEC countries about what the quotas should be. That is primarily because most of OPEC is already producing at capacity. In the short run, there just isn't anything anybody could do. Even with the potential announced increase of 1.7mm bbls, the only OPEC producer with any spare capacity would be Saudi Arabia, and they would even be at 90% of capacity. There isn't much of anything anybody can do to move the price of crude appreciably lower than current levels. And substitutes like natural gas will move higher--natural gas is up 35% thus far this year, and will move higher. Energy inflation is here. We'll have to learn to live with it.