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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (31637)	8/23/2000 4:12:25 PM
From: Father Terrence	Read Replies (1) \| Respond to of 769667

Bush or Gore cannot answer that. If the government tries to cap it it would require wage and price controls as Nixon tried in 1971. Not only did it not work, it was unconstitutional. Oil prices are basically controlled by a worldwide cartel, OPEC. The U.S. government (as the rest of the world) has little control over OPEC's pricing policies. The cost of gasoline at the pump is also affected by the federal excise tax that is added, plus and state and local taxes added on top of those taxes. FT

To: Kenneth E. Phillipps who wrote (31637)	8/23/2000 4:18:11 PM
From: Frank Griffin	Read Replies (1) \| Respond to of 769667

Some of the best things for stopping the large increases are (a) better communications with the Saudis, etc, (b) more reasonable rules regarding American drilling, (c) get Gores reformulated gasoline with huge price increase out of the process and you will be pleased.