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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (54172)	6/14/2000 10:02:00 PM
From: Crimson Ghost	Respond to of 99985

Haim: US gas taxes are relatively low. They are MUCH HIGHER in Europe. In fact one of things that has long annoyed OPEC is that until the recent sharp price hikes, European governments collected more in taxes from each barrel of oil sold than did the producers. Gasoline prices were already so high in Europe before the recent jump in crude oil that the OPEC related increases were MUCH LESS percentage wise than here in the US.

To: Haim R. Branisteanu who wrote (54172)	6/14/2000 10:09:00 PM
From: Sweet Ol	Respond to of 99985

Haim, Check out the gas taxes. I think you will find that in most states it is between 20 and 40 cents. Cut gas taxes to zero and the price will go down dramatically in a couple of years when our roads become impassable and we stop driving so much. Law of supply and demand has not been repealed. The world-wide refineries are operating at 98% capacity. So part of the problem is crude costs, but part of it is a supply problem. Inventories of finished products and feedstocks are all are record low levels. Gas prices have no place to go except UP! Clinton's sin is not in his failure to jawbone the producers, but rather his failure to publicize the supply crisis that has been brewing for several years and which has been studied and reported in the trade press. Of course, another sin which has been well discussed is the well cooked PPI and other government statistics. Best to all, John

To: Haim R. Branisteanu who wrote (54172)	6/14/2000 11:22:00 PM
From: American Spirit	Read Replies (2) \| Respond to of 99985

We saved Saudi Arabia and Kuwait's butts militarily. We can apply diplomatic pressure. We can also release strategic reserves. We can also lower gas taxes. We can allow Iraq to sell more. Clinton has all of these options. All come with a price. But this is no huge crisis. Just a few of these moves even if they're minimal gestures can stop the oil price rise speculation going on. There is no big gas shortage. It's mainly gouging and oil futures hysteria. But Clinton will do something for the battleground states as Gore needs to win a few of those. ironically out here in LA gas is pretty cheap. Just filled up for 1.59 a gallon. Lower than two months ago by 20 cents. Something stinks in the midwest especially. When the politicians moved on the gas sellers two months ago here in California the prices came down pretty quickly. This can also be done in the midwest and I'm sure is being done. I wouldn't bet on oil going any higher from here. Risky bet.