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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: bela_ghoulashi who wrote (1822)	9/16/2000 11:48:47 PM
From: Sully-	Read Replies (1) \| Respond to of 65232

Hasn't that tax been around for a while already? The article notes that even if oil went down to $25 US, it would only mean a few cents less for Euro consumers. I still think that a lot of wells that shut down when oil went below $10/bbl will be pumping for all their worth soon/already & some wells are now profitable to pump again because new technology has dramatically dropped the cost of extraction. It's not a question of adequate supply IMO. Price will bring a lot of non-OPEC oil to market as long as oil stays above $20..... that's a long way for prices to fall & still make black gold..... gold :-\| Ö¿Ö Tim

To: bela_ghoulashi who wrote (1822)	9/17/2000 1:19:38 AM
From: freeus	Read Replies (1) \| Respond to of 65232

The Arabs are RIGHT. The British protestors are RIGHT. We have had government induced inflation for some time, and not just in energy costs. Our fuel taxes are disgusting enough, but look at Europe...why should governments, who have nothing to do with the production of the oil, get the largest size of the proceeds from it?????? Freeus