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

To: John Carragher who wrote (3551)	10/24/2000 8:10:56 PM
From: Ben Wa	Read Replies (1) \| Respond to of 10042

actually, your reasons for high oil prices are incorrect. Oil prices are high due to: 1. Oil tanker shortage - Tanker rates are going up and up. Older tankers are being scrapped because of environmental regulations faster than new ones are being built. If Saudi Arabia pumped 10 trillion barrels of oil a day, you would still need to transport it. 2. Oil Refinery shortage - when was the last time you heard of a new refinery being built? They are all operating at capacity! 3. The "easy" oil and gas is basically gone from the continental US, due to poor energy policy of the US. 4. China's economic growth has caused their imports to take oil from global supply - their growth has been very fast. In addition, their industry and power infrastructure in very inefficient, so they do not use oil efficiently. 5. In the US, the laws that describe gasoline composition vary from state to state, which is crazy. That reduces competition between refineries. 6. The huge majority of new electric plants are designed to burn natural gas, so watch for natural gas prices to keep high levels. So, the gas & exploration companies look for oil and gas wherever they can - which is what they are supposed to do.

To: John Carragher who wrote (3551)	10/24/2000 8:17:28 PM
From: Hawkmoon	Respond to of 10042

It is a sick joke. Yep.. and probably about to get sicker... Btw, a funny story that happened to me this morning. I was having a brief chat with Larry Kudlow, chief economist for CNBC... Y'know.. THAT Larry... :0) Anyway, I asked him what his thoughts were on the mid-east situation and the chances of a limited war breaking out over there between the Arabs and Israelis (I think the Nukes would keep them from trying to conquer Israel proper)... My whole goal was to pump him for any info he might have been privy to in his daily comings and goings. Well, he basically was non-committal about whether we were looking at a war. But he mentioned that what he thought should happen, were Bush to win, is that Norman Schwartzkopf be asked to serve as Secretary of Defense. His whole sum argument is the the Arabs don't fear us anymore. They need to realize that they can't get away with senseless bullying around of the world economy over this p*ssing contest between the Palestinians and the Israelis. While I figured the McCain might be offered the SecDef position, I have to admit that Mr. Kudlow made a lot of sense. Nominating Schwartzkopf would send an UNMISTAKABLE MESSAGE to the rest of the despots and tyrants out there. And I have some great shots of him and Mark Haines dragging on their cigarettes while off camera too!!!... I actually got a reaction outta Larry when I held up my cigarette and saluted him, bonding in that carcinogenic moment of nicotine induced bliss... <VBG> Kinda twisted I know.... :0) Regards, Ron