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Politics : Al Gore vs George Bush: the moderate's perspective -- Ignore unavailable to you. Want to Upgrade?

To: KLP who wrote (1324)	10/5/2000 3:13:43 PM
From: cosmicforce	Read Replies (1) \| Respond to of 10042

Does anyone remember that it was not too long ago that the government (which paid top dollar for the SPR) wanted to dump it at the market bottom of oil. Buy high, sell low. Wait, isn't that backwards? I didn't think it was there to do short term price manipulation. Here is an article on a similar type of action, selling national oil assets near market bottom. cnie.org

To: KLP who wrote (1324)	10/5/2000 10:00:38 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 10042

Did he know it was going to Europe???? If not, why not, and if so...why? Well, it's a global marketplace when it comes to the world's most basic and essential commodity and supply will go where the greatest profit can be derived. The only way to prevent this is for government to intervene and "hi-jack" shipments for the domestic markets. The crucial problem here, and the one that can essentially laid at the doorstep of the Clinton/Gore administration, is that they have resided over the DEVASTATION AND UTTER EROSION of the US refining industry. So now we have to rely on imported supplies of refined product, which means we have to rely on the global marketplace and the competition amongst nations to obtain that product. We can release all the oil from the SPR that we wish, but it will not alter that amount of heating oil that is available due to refining capacity constraints, as well as the severe EPA standards that have removed all profitability from building and operating newer refineries. That fact that Al Gore has been at the lead of restricting the profitability of the US oil industry, and thus our energy independence is a failure that he run from, but he cannot hide. Regards, Ron