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To: Hassell Anderson who wrote (81376)9/24/2000 6:02:41 PM
From: Selectric II  Read Replies (1) | Respond to of 152472
 
Part of what you say about futures contracts might be true, if we had sufficient market power and endurance from a supply side. We don't. This should be just a blip, solely for Clinton/Gore's short-term political gain and at our long-term energy expense, and setting bad policy precedent for dealing with the problem.

If we do have the market power you suggest, this policy of releasing the oil should discourage future exploration and production, only adding to the problem. It might happen anyway. What large, long-term investments do you make that are dependent upon fickle government decisions (other than QCOM <g>?). Our venerable Energy Secretary's bs about not trying to affect prices, but just avoiding shortages, is just that. jmho

BTW, isn't our energy secretary in the news a lot, lately, trying to justify and explain away really stupid government actions and inactions about, inter alia, lost nuclear bomb secrets, misplaced hard drives, wrongfully-accused employees, high summer gas prices, high winter heating oil prices, release of precious strategic assets (strategic petroleum reserve), etc., for Clinton/Gore's political gain?