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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (79117)	11/15/2000 3:56:57 PM
From: Tommaso	Respond to of 95453

London, Nov. 15 (Bloomberg) -- Crude oil prices now around $35 a barrel are too high, the U.S. energy secretary said, adding that the government may again tap its emergency reserves if needed to lower energy costs. ``Politicians and consumers are getting restless,'' said U.S. Energy Secretary Bill Richardson at an oil conference in London. ``There appears to be growing sentiment for serious government intervention in the oil market.'' ============= How come the government didn't intervene to support oil prices by buying heavily when the price was $12.00? I think I know the answer.