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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (285521)	4/25/2006 6:53:47 PM
From: Road Walker	Read Replies (1) \| Respond to of 1573824

re: This is about as stupid an idea as an air conditioner in the North Pole and a rather blatant attempt to get some popularity back. The problem is not that a shortage of crude is leading to a gas shortage. Instead, the shortage of gas is due to a shortage of ethanol needed to make the gas blend now required by new federal legislation, complicated by refinery shutdowns for their annual maintenance. Inventories of oil have not been this high in quite some time. Not putting some in the SPR will only contribute to those inventories, not to solving the problem. The other part is it's a short term (non)solution to a long term problem. It's so freaking obvious that we have to get more efficient with our use of gasoline. Yet we give incentives to the oil companies (and as a result consumption) instead of giving incentives to efficiency. It's so ludicrous, it drives me nuts. To use the Bush analogy, we are trying to stop drug use (addicted to oil) by giving incentives to the drug dealers and smugglers.

To: tejek who wrote (285521)	4/25/2006 7:40:03 PM
From: Tenchusatsu	Read Replies (3) \| Respond to of 1573824

Ted, Instead, the shortage of gas is due to a shortage of ethanol needed to make the gas blend now required by new federal legislation, complicated by refinery shutdowns for their annual maintenance. Inventories of oil have not been this high in quite some time. Not putting some in the SPR will only contribute to those inventories, not to solving the problem. So the high price of oil is somewhat manipulated and not due to any real supply shortage? To me, that is good news, since at least we can fix those problems. Even if the solution is (gasp!) ABB. Tenchusatsu