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To: American Spirit who wrote (53932)	6/13/2000 7:48:00 PM
From: The Ox	Respond to of 99985

Just don't make the mistake of ignoring oil prices and the inflationary pressure they put on just about every facet of our economy. While the oil industry is a much smaller percentage of our total economy when compared to the past, the price of oil still has a great affect on travel, distribution and manufacturing EDIT not to mention heating and electricity. EPA rules regarding new formulas for gasoline to reduce harmful emissions never took into consideration that oil prices could skyrocket. One look at gas prices in my town(Chicago) will make the drivers of SUVs think twice - if not get physically ill!! When oil was $10/bbl, our government neglected the US oil industry. Now that oil is over $32/bbl, it's the oil industry who are the bad guys, again! One of these days, Washington will wake up. While the oil industry is not made up of saints, they are also not made up of evil JR Ewings either. When you neglect your own infrastructure, sometimes you pay a heavy price. IMO, that's what's happening today..... Michael

To: American Spirit who wrote (53932)	6/14/2000 1:54:00 AM
From: Roebear	Read Replies (1) \| Respond to of 99985

American Spirit, Michael is quite correct, its payback time for lousy energy management. BTW, I didn't notice folks crying the blues for the hundreds of thousands of oil workers put out of work by the last oil bust, or the Mideastern countries that risked destabilization from their busted budgets. But now Joe SixPack is whining because he has to pay a higher percentage of the price of bottled water for his fuel. Back to energy policy, excellent energy policy does not really include bombing the crap out of third world countries or intimidating them because they are able to get a decent (adjusted for inflation) price for their goods for a change. If you didn't notice, as plainly shown by the last OPEC meeting and the obviously inadequate increase in production (BTW, they don't have that much more to give anyway!), the hegemony of the US in the Mideast that's been in place since after the gulf war is over. <<High gas prices were one of the reasons Carter lost. Big Al sure doesn't want that to happen.?? Guess what, too late~ and Big AL is Al as in Greenspan ggg <One reason I never invest in oil. I hate the dirty stuff>. I sure hope you walk or run everywhere! While I realize oil will have to be replaced as a fuel someday, I don't believe the world will do it until they have to, i.e., they start running out of the "dirty stuff". BTW, exactly how much hydrogen is there in the world and where is the infrastructure for it??? Who needs hydrogen anyway, run your vehicle on propane, its been a viable and reasonably economical relatively non polluting alternative for over a quarter century for vehicles and forklifts longer than that. In any case, there is going to be demand like you wouldn't believe for the dirty stuff for a decade or three yet. Just because it doesn't fit in your world view doesn't mean that the world will oblige you. Edit, BTW, I did my share, last summer I downsized my V8 SUV for one that gets near twice the mileage. When folks asked why I traded, I told them because gas was going to two dollars a gallon (as I noted in posts on SI last fall) and all I got was funny looks. Who looks funny now? Roebear