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  • From: Laurie VanDine <laurie AT biZrace.com>
  • To: "Internetworkers: http://www.ibiblio.org/internetworkers/" <internetworkers AT lists.ibiblio.org>
  • Subject: Re: [internetworkers] price of gasoline
  • Date: Fri, 29 Aug 2003 13:50:23 -0000

I've never met a group of people in my life that claimed to know so much
about gas, gas prices and the oil industry! Geez. Y'all just need to
relax and let it lie. None of us should be complaining anyway. Out in
CA where my parents live, gas is $2.15 for REGULAR! While we sit here
in NC and pay only $1.65 for regular, we should keep our mouths shut.


On Thu, 2003-08-28 at 21:21, Mark Turner wrote:
> On Thu, 2003-08-28 at 14:46, zman wrote:
>
> > I'm blaming it on Bush and his cronies wanting more money from their
> > Texas
> > oil...
>
> Bush's actions are contributing, according to this Guardian article:
> http://observer.guardian.co.uk/business/story/0,6903,1028320,00.html
> "The lack of Iraqi oil may have pushed it higher still, but the real
> reasons for the longevity of high oil prices are not in the Middle East
> but in Louisiana and China. In that southern US state and in
> neighbouring Texas lie huge salt-lined caverns that house America's
> strategic petroleum reserves. After 11 September 2001, President Bush
> said he wanted to increase the oil in the reserve from 600 million
> barrels to 700 million barrels by the end of 2005.
>
> This huge cache of black gold would serve as emergency stocks should any
> unfriendly country choose to halt exports, or should there be a repeat
> of Venezuela's political turmoil, which hoisted oil prices above $35 in
> December.
>
> Then President Bush stopped adding to the reserve to alleviate pressure
> on the oil price. In May, he turned the taps back on again and the US
> administration has been paying top dollars - of more than $30 a barrel -
> for 11 million barrels of oil. Democratic senator Carl Levin accused the
> Bush administration of foisting high oil prices on the world.
>
> 'This administration's actions to fill the [reserves] regardless of the
> price for oil available to the commercial sector, is a major reason for
> these high prices,' Levin said in a letter to the US Energy Secretary,
> Spencer Abraham."
>
>
> ---
> Come and play at the InterNetWorkers Web site!
> http://www.ibiblio.org/internetworkers/
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--



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laurie AT bizrace.com
(919) 484-2922





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