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To: Sonny McWilliams who wrote (26232)	6/12/2000 6:07:00 PM
From: William Hunt	Read Replies (2) \| Respond to of 27012

Sonny --Good evening ---sure hope the Retail prices numbers come in good ( I hope they do not include gasoline prices ) plus the CPI numbers on Wednesday . YOu get the feeling that the economy is slowing down faster than the FED wants . Home Depot , Paper companies etc are really showing a slow down . I saw where the car companies do not think it will effect them --yet Chyrsler is already offering up to 2000 dollar rebates on automobiles . The only issue that is hot is my favorite subject ---OIL . The only way the FED can control oil prices is to put us in a recession . I had to really laugh today when the Justice department said they were going after VISA/Mastercard who control seventy five per cent of the credit card market . The oil that goes in the regional tank farms are shared by the oil companies so each jobber basically has the same cost of goods . I am paying a 1.43 for unleaded right now while the people in the Mid west are paying up to 2.23 a gallon . One nickel is the cost of the new reformulated gas the Midwest is paying extra to help get rid of the acid rain in the east coast area . The pipeline for Chicago runs from the Gulf coast area to Chicago ---been their for many years ---so their is no reason for an increase in transportation cost . Basically the OIL companies not OPEC is raping the Midwest for about .75cents a gallon . Even without this issue OPEC has really put a tax hike on the consumer directly and indirectly ( cost of consumer goods , airline taxes etc . This is the real reason I am worried about a double whammy on th market . The real loser in this area beside the consumer might be AL GORE ---if this continues it will have a severe effect by the fall . It is funny that this would a prime time opportunity for him to be presidential and step forward to handle the OPEC issue and the oil companies issue in the Midwest . An International and home grown issue at the same time . The longer he stays out of it will have a lasting effect on his campaign . People in general look at it as an issue that we have lost some form of control over ---It is no longer a free market issue . BEST WISHES BILL