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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Scumbria who wrote (251766)	4/29/2002 10:38:39 AM
From: goldworldnet	Respond to of 769670

Good to hear, but 37% is still a hefty chunk. More than anything else the Muslim world needs democracy. As for comparing the Bushs, I prefer George W Bush to his father. * * *

To: Scumbria who wrote (251766)	4/29/2002 11:49:32 AM
From: Bald Eagle	Respond to of 769670

Statement from ExxonMobil: Two emails urging a boycott of Exxon and Mobil stations in the U.S. have recently been circulating on the Internet. One email urges a boycott of all gasoline marketed by companies who import crude oil from the Middle East, including ExxonMobil. We all share concerns about the current situation in that region, but a boycott of gasoline will not impact those events. The crude oil market is global. Oil traders, not just major oil companies, buy crude from oil producing countries around the world and sell or trade it to refiners world wide. Approximately one-quarter of the world's crude oil is produced in the Middle East. The Middle East consumes only a small portion of the crude it produces and thus has a large surplus to export. The United States imports about 60% of the crude oil that it refines into transportation fuels such as gasoline, diesel, and jet fuel. For 2001, about 30% of the imported crude comes from the Middle East. For ExxonMobil, approximately 85% of the crude oil for our U.S. refineries last year came from domestic and other foreign sources including Canada, Mexico and Venezuela. The remaining 15% is sourced from the Middle East. In addition, like virtually all other marketers of gasoline in the U.S., we at times purchase gasoline on the spot market. Much of this spot market gasoline is refined in the United States, Europe, or elsewhere from a variety of crude oil, some of which is of Middle East origin. Thus, almost all U.S. gasoline marketers may, at some time or another, sell gasoline refined at least in part, from Middle East crude oil. The crude, refining, supply, and marketing system for transportation fuels is a finely balanced system that is sensitive to factors such as world events, weather, as well as operating upsets. It is likely that any significant shift in the type of crude being imported may have the net effect of raising prices, not lowering them. The second email encourages a boycott on the theory that consumers could merely switch their purchases from Exxon and Mobil stations to competition, causing our stations to reduce their prices and other companies will follow suit. This simply ignores significant market factors such as the law of supply and demand. Unless total demand is reduced for a particular market area,as opposed to shifting purchases to other companies' stations, retail prices are unlikely to decrease, unless, of course, there is an increase in supply to that market area. The notion that ExxonMobil controls a large enough portion of the retail gasoline market to cause such a result is unrealistic. However, the possibility that any of our independent dealers and distributors who proudly operate over 90% of the Exxon and Mobil stations in the U.S. could lose customers because of this ill-conceived effort is distressing. Gasoline prices have also generated a lot of interest recently. For more information use the following intranet addresses 159.129.146.5 exxonmobil.com

To: Scumbria who wrote (251766)	5/1/2002 11:01:14 AM
From: goldworldnet	Read Replies (2) \| Respond to of 769670

Who imports the most Saudi crude? WorldNetDaily reviewed Energy Department sales reports, which break down crude-oil purchases each month by buyer and supplier. Based on 2001 figures, Chevron Corp. is easily Saudi's biggest U.S.-based customer. The energy giant, based in San Francisco, operates about 8,000 gas stations in 25 states. Houston-based Marathon Ashland Petro LLC ranks as Saudi's second-largest American customer. It operates more than 2,069 convenience stories that also sell gas. The chain – Speedway SuperAmerica, or SSA – is based in Enon, Ohio. Exxon Co. USA, along with its partner Mobil Oil Corp., also rank among the biggest buyers of Saudi crude. U.S. gas retailers buying the least amount of Saudi crude, meanwhile, include: Shell Oil Co., Phillips 66, Conoco Inc. and Diamond Shamrock Refining and Marketing. Shell had the fewest Saudi crude purchases last year, Energy data show. worldnetdaily.com * * *