In a message dated 9/12/00 8:24:51 AM Pacific Daylight Time,
retroman@turbont.net writes:
<< The current spike in prices is not due to the suppliers, but due to the
increases in taxation and environmental mandates adding to the cost of fuel.
Here in the US, most all the spike in the last year is a result of the
introduction of new rules by the EPA regarding additives and processes for
refineries. The fact that production has increased by 2 million barrels a day
over the last four months with no change in prices indicates that its not a
matter of supply, unless this is a result of some european countries
deactivating nuclear plants, with the electric demand being satisfied by new
fossil fuel burning plants. >>
Not true. What OPEC does officially is not how it operates unofficially,
which is closer to the truth. Don't blame taxes and environmental eddicts.
Blame oil company mannipulation (supposed shifts to produce heating oil) and
our pals in the middle east charging all the market an bear. We need to
finally leave reliance on muddle eastern crude to the rest of the world and
focus on non-opec, non-petroleum sources for transportation and heating
supplies.
This archive was generated by hypermail 2b29 : Mon Oct 02 2000 - 17:37:45 MDT