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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (75462)	5/17/2007 1:29:42 PM
From: John Carragher	Read Replies (1) \| Respond to of 94695

ot some exxonmobil statistics or brag slides. emretiree.com

To: GROUND ZERO™ who wrote (75462)	5/18/2007 12:11:31 PM
From: John Carragher	Read Replies (1) \| Respond to of 94695

i think xon read your post. g Urgent: Contact Members of Congress to Oppose Federal "Price Gouging" Legislation ExxonMobil Retirees and Surviving Spouses: In response to recent increases in U.S. gasoline prices, the Congressional leadership has announced plans for Congress to consider federal "price gouging" legislation - most likely before the Memorial Day weekend. If enacted, the bills to be considered in the House and the Senate would impose severe criminal penalties on suppliers and retailers for charging prices that could be characterized by federal regulators as illegal "gouging" - under terms that are not clearly-defined. A punitive, new federal law could prove to be very harmful to energy consumers, both in the short term and long term. In the short term, the threat of criminal liability for commercial conduct that is not clearly defined could operate as federal "price controls" did in the 1970s, causing consumers to live through gas lines and product shortages. Massive federal intervention in energy markets in the 1970s, where the free market forces of supply and demand were not permitted to operate to determine prices, imposed significant burdens and inconvenience on American energy consumers. Under the proposals now being considered in Congress, there is a similar likelihood of this type of result: energy suppliers could stop selling products altogether to avoid risking any exposure to the massive federal fines and criminal liability that this type of legislation would impose. In cases of a true emergencies, such as that experienced in the aftermath of Hurricanes Rita and Katrina in 2005, maintaining operations and relying on free and transparent markets to attract sufficient supplies is critical. Yet with the threat of federal prosecution under vague and punitive new pricing laws, operators might instead decide to cease operations and 'close up.' In the long term, punitive governmental intervention in energy markets would undermine investment in our Nation's energy security and infrastructure. Our customers - America's energy consumers - paid a high price for the counterproductive energy market interventions of the federal government a quarter century ago. With projections for America's growing energy demand in coming decades, the imposition of punitive, new pricing laws on the energy industry would backfire and compromise our energy security. Please consider contacting your Congressional representatives today to oppose these proposals that would harm the America's energy consumers and economy. For more information about this alert and assistance in contacting your representative, Click Here. For more information about the ExxonMobil Citizen Action Team visit www.exxonmobilcat.com.