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To: GST who wrote (110909)	10/22/2000 7:41:45 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 164684

Our oil dependence has not improved GST I certainly don't want to get into your's and William's discussion on the middle east peace process... (I've got enough to worry about! :-)... but I do think the % of GNP that is dependent on oil has been dramatically reduced since the 70s. I heard a few economists commenting on this on some money shows lately... the entire information sector of the economy which didn't exist in the 70s is immune in a classic sense, etc. Of course everyone is affected if we drop into a recession, I know. But in the 70s the leading industries were still smokestack and that is no longer the case...

To: GST who wrote (110909)	10/22/2000 8:41:48 PM
From: John Chen	Read Replies (1) \| Respond to of 164684

GST,re:"oil dependence". I just watched a TV about: "hard time in oilpatch". They couldn't find people to work and no capital to invest. Most capital has been directed to e-commerce with instant gratification. Also, the oilman said, it tooks 12 months or so to see oil flowing and if the oil-price does not drop, you still have to hope the 'government' do not intervene and accuse you being greedy and robbed money from the poor for the top 1%. Let's hope there is no interrupt in the flow of oil "FOREVER".

To: GST who wrote (110909)	10/22/2000 10:03:23 PM
From: Glenn D. Rudolph	Respond to of 164684

Explosions Rock Texas Natural Gas Storage Facility 10/22 21:09 (DJ) Story 0690 LONGVIEW, Texas (AP)--A series of explosions Sunday at a natural gas storage facility in northeast Texas seriously injured one person, and two others were believed to be missing, authorities said. "Right now, we can't get in there," Gregg County Sheriff Bobby Weaver said. Weaver said about 200 residents living within a three-mile radius of the Martin Resource Management Corp. gas plant were evacuated for fear a butane tank holding 30,000 gallons of fuel might explode. A stretch of nearby Interstate 20 was closed. "The safest way to fight this -and most environmental -is to let it burn," said Gregg County Fire Marshal Jerry Pierce. "There is no way to fight it until we know the cause and volume involved." He said at least two explosions occurred when a tanker truck containing 8,000 gallons of the fuel was transferring it into a storage tank. Billy Davis, 57, was hospitalized with second and third degree burns, said Laird Memorial Hospital spokesman Archie Whitfield. Whitfield said the plant worker apparently had his back to the site where the explosion occurred. (END) DOW JONES NEWS 10-22-00 09:09 PM

To: GST who wrote (110909)	10/22/2000 10:09:15 PM
From: Victor Lazlo	Read Replies (2) \| Respond to of 164684

GST, let's be reasonable: 1. The US imports more energy from Canada than from any other country. 2. We also get a lot of energy from Mexico, and Mexico is not an OPEC member. 3. The head of OPEC is from venezuela, and venezuela will never go along with an embargo. 4. The US has shifted much of its energy consumption from oil to nat gas since the 1970s. 5. Saudi Arabia probably cares less about Israeli-Palestinean tension than getting the $$ from its oil exports, which it very much needs. Victor