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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (89)	8/29/2005 5:13:19 AM
From: TobagoJack	Read Replies (1) \| Respond to of 218870

Another e-mail from wealth manager: Just got back from Thailand where I heard that people are stocking up cylindrical tanks and hoarding diesel in their backyard. One analyst I met was very worried since his retired father is stocking up so much (4-5 tanks) that it has become a serious fire hazard. The government has removed part of the fuel subsidy and is expected to remove the rest in preparation for the IPO of EGAT, the country's biggest electricity company.

To: elmatador who wrote (89)	8/29/2005 2:48:59 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 218870

<Scary will be the "solutions" the politicians find to "solve{ a problem.> This is a true story. The politicians in New Zealand made "carless days" in 1979 or maybe it was 1980, in response to the high oil prices. en.wikipedia.org I thought it was every second day, depending on number plates being odd or even. I didn't recall the one day a week. Though I had a company car and was exempt so it didn't affect me much. Fortunately, that didn't last too long. The public starts to get annoyed at things like that. The answer of course was to raise the price of petrol so that demand dropped off. The governments are worried about poor voters chucking them out, so they should have simply whacked a $4 a litre tax on petrol and given people an equivalent tax reduction on their income. Then anyone who wanted petrol could have it and the roads would be less congested and taxes on income would be lowered so people could buy more cyberphones [not that they were available then]. Mqurice