Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: microhoogle! who wrote (38737)	9/21/2000 10:52:25 AM
From: Ish	Read Replies (1) \| Respond to of 769667

<<Can you elaborate in detail as to how they are the two BIGGEST reasons for the soaring price of oil? >> One of the things that has boosted gas prices is the reformulated gasoline the administration has forced on us. The worst part is some is reformulated with MTBE which only cuts pollution until the engine is warmed up. MTBE doesn't break down and actually poisons water supplies. Another is VP Gore's tie breaking vote to push through HIGHER gasoline taxes. People are carping about Cheney's ties to Halliburton. Halliburton is an oil service business and sells and maintains equipment and doesn't sell a drop of oil. OTOH Gore has a large share of Occidental Petrolium which does does pump and sell crude oil.

To: microhoogle! who wrote (38737)	9/21/2000 10:01:54 PM
From: Thehammer	Respond to of 769667

<<Can you elaborate in detail as to how they are the two BIGGEST reasons for the soaring price of oil? >> Laws of supply and demand> Clinton and Gore are responsible for gasoline tax, restrictions on offshore drilling (lessens supply) and reformulated gasoline in the Midwest (further restricted supply). With the world wide economy booming, the demand for energy has risen accordingly. If Gore had his way completely, the cost of a gallon of gas would be in line with what they pay in Europe. (I belive the UK is about 5.00 per gallon).