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

To: greenspirit who wrote (39507)	9/24/2000 3:43:42 PM
From: peter a. pedroli	Respond to of 769667

The release will do very little. The market will determine the final price as to what is fair value. Futures say don't expect oil to drop below $30 a barrel until late Jan. You folks in the East are going to have an expensive winter and this release will do nothing to effect that fact. "We are not going to get pushed into putting more oil into the market than it needs,'' he said. ``People forget that prices have come up from just $10 a barrel two years ago. No one felt sorry for OPEC then.'' He reiterated that OPEC believed high taxes in consuming countries, lack of refining capacity and oil market speculators were just as responsible for current high prices as a shortage of crude oil.