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To: Art Bechhoefer who wrote (19875)3/30/2001 3:17:06 PM
From: Sam  Read Replies (1) | Respond to of 60323
 
OT
Art,
<<One might wish to blame Clinton for not proposing policies to counteract what appear to be permanently higher energy costs. But a Congress majority, heavily financed by fossil energy proponents, was in no mood to propose measures that might reduce excess consumption (higher fuel taxes, changes in fuel mileage standards, tax credits for alternative technologies such as photovoltaics, windmills).>>
Obviously this administration doesn't believe that the problem is excess consumption, the problem is not enough home-grown product. All we need to do is get that Alaskan oil out of the ground, and things will be peachy, we won't be hostage anymore to those A-rabs.

We have an energy crisis and a tax crisis. No talk from this administration about overcapacity and overbuilding, about cycles and over-investment and the need for lower real interest rates; no, what we need today is less taxes on the rich to allow more investment and more oil to feed our SUVs.

Apologies for the OT. Mr. Market is tedious in his peevish desire for ever lower levels. Makes me antsey.

Sam