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To: Sonny McWilliams who wrote (26272)7/3/2000 5:54:06 PM
From: William Hunt  Respond to of 27012
 
Sonny ---Thought you appreciate this comment from Gore on the Saudi oil increase :
Gore grateful

U.S. Vice President Al Gore wasted little time in thanking the Saudis.

Speaking on the presidential campaign trail, Gore said he was "very pleased" to hear word of the Saudi increase and urged oil companies to pass any savings to consumers.

"I want to call on the big oil companies to let that (Saudi output increase) pass through in the form of price reductions to the people who are filling their cars up at the gasoline filling stations, so that it is not blocked up in the pipeline of profit, but rather flows through," Gore said.

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PD Not being to pestimistic I am glad they are doing this forthe short term ---should help the market and interest rates



To: Sonny McWilliams who wrote (26272)7/4/2000 7:29:50 AM
From: William Hunt  Respond to of 27012
 
Sonny ---This is a great article ---this is what we need for the short term ---If the government would step in and help subsidize the risk and then take some of the profit back it would sure help us with stabilizing oil prices . Also look at the cost to produce a barrel of oil 3.42 ---very resonable .
interactive.wsj.com

The long term we both know is hydrogen to end this pollution crisis and because it is renewable .
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