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To: pater tenebrarum who wrote (89363)4/3/2001 2:37:38 PM
From: Box-By-The-Riviera™  Respond to of 436258
 
Message 15606805



To: pater tenebrarum who wrote (89363)4/3/2001 2:37:38 PM
From: Box-By-The-Riviera™  Read Replies (1) | Respond to of 436258
 
Message 15606805



To: pater tenebrarum who wrote (89363)4/3/2001 2:37:38 PM
From: Box-By-The-Riviera™  Read Replies (2) | Respond to of 436258
 
Message 15606805



To: pater tenebrarum who wrote (89363)4/3/2001 2:37:39 PM
From: Box-By-The-Riviera™  Respond to of 436258
 
Message 15606805



To: pater tenebrarum who wrote (89363)4/3/2001 2:39:44 PM
From: Don Lloyd  Read Replies (1) | Respond to of 436258
 
hb -

cei.org

"CEI Applauds FTC Report on Midwest Gasoline Price Investigation

Policy Analyst Predicted Cause of Gasoline Price Spikes

Washington, D.C., March 30, 2001—For several months, CEI policy analyst Ben Lieberman has pointed out that Environmental Protection Agency regulations helped to cause last summer’s gasoline price spikes in the Midwest, and today a report issued by the Federal Trade Commission agrees with that assertion.

The FTC report says a nine-month investigation found no “credible evidence of collusion or other anti-competitive conduct by the oil industry.” Instead the Commission concluded that reformulated gasoline (RFG) was one of the factors that contributed to the sharp price increase. RFG is a special blend of gasoline that is required under amendments to the Clean Air Act in the nine metropolitan areas with the most serious smog problems. New EPA requirements for RFG took effect last June and proved particularly difficult to meet with the ethanol-containing blends used in Chicago and Milwaukee.

“Allegations of an oil industry price fixing conspiracy made for a nice red herring last summer, particularly for those trying to divert blame away from the EPA,” says Lieberman. “But now that we know that environmental regulations drove up the price at the pumps, the Bush administration should review other motor fuel regulations that may cause similar problems in the future.”

A Congressional Research Service report also showed anywhere from 25 to 34 cents of the price increase could have been attributed to the RFG situation in the Chicago and Milwaukee areas.

CEI is a non-profit, non-partisan public policy group dedicated to the principles of free enterprise and limited government. For more information and/or to set up an interview, please contact the media relations department at pr@cei.org or 202.331.1010."

Regards, Don



To: pater tenebrarum who wrote (89363)4/3/2001 2:46:19 PM
From: steve susko  Read Replies (1) | Respond to of 436258
 
Israel attached Palestine ... heating up in 2 spots on opposite ends of the globe. This could get ugly, and tick is only -500.



To: pater tenebrarum who wrote (89363)4/3/2001 2:57:09 PM
From: Sunny Jim  Read Replies (2) | Respond to of 436258
 
Wonder how Mr. Greenspan's doing today? He's got to be having a bad hair day if he's watching the NAS. Since he knows how well it correlates with consumer spending, I would think he has red blinking lights in his office saying RECESSION GUARANTEED. Any bets that we see some FED action by Friday?