Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: A. Geiche who wrote (37420)	2/12/1999 12:43:00 AM
From: Dwight E. Karlsen	Respond to of 95453

earlier you suggested increasing import duties on oil brought into the country. I see that as a form of subsidy for two reasons: It immediately takes money out of consumers pockets to buy that oil-the duty is passed through in the form of higher prices. We are still dependent on foreign oil for part of our needs. Then as ppl shun buying the imported oil (if indeed it can be kept separate from the domestic supply, once it goes to the refineries, which I doubt), the demand for domestic oil rises, as does the price--again forcing ppl to pay more. When the govt placed higher import duties on motorcycles 750cc and above, that was a direct effort to assist one company: American-made Harley-Davidson. I never did like that. Why should I, who buys and enjoys Honda motorcycles, pay more just so HD can charge more to help out their inefficient factories?