Re: Big Oil Says "Bend Over!"

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#6261

From: Matthew T. Russotto
Date: Thu, 17 Feb 2000 00:00

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In article <38AAC428.42FEFA7C@aol.com>,
Josh E. Barnes <hotdog765@aol.com> wrote:
}
}Question:
}
}
}If Big US Oil can influence OPEC, would Big US Oil suggest lower production
}levels to drive up prices?

A quick look at the economics of the current situation (refineries,
owned by "Big Oil", are being squeezed) reveals that they would not.

}In the 70s, a fake oil shortage caused prices to skyrocket.  After it was all
}over, and production levels returned to normal, most people realized that Big
}US Oil had lied to Americans.  For the sake of boosting prices, Big US Oil put
}America through Hell.

Wasn't Big Oil then either.  It was Carter's Energy department.
-- 
Matthew T. Russotto                                russotto@pond.com
"Extremism in defense of liberty is no vice, and moderation in pursuit
of justice is no virtue."

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From: russotto@wanda.vf.pond.com (Matthew T. Russotto)
Subject: Re: Big Oil Says "Bend Over!"
Date: 2000/02/17
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