Bill, ALSO,on your item #3, the demand for oil is growing in leaps and bounds in China, as well as India. Remember we talked about steel prices and China's insatiable needs a while back? Prices for oil will start leveling off soon.
Rich -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] Behalf Of Bill Lessenberry Sent: Saturday, October 23, 2004 10:08 PM To: [EMAIL PROTECTED]; The Chevelle Mailing List Subject: Re: [Chevelle-list] Comment Pertaining To Election > >Then, there's gas prices -- about $2.50 a gallon for regular in San >Francisco. Bush has been in power for four years now, and we're >supposed to be taking over Iraq, so why are gas prices climbing so fast? Ok, this is pretty dispassionate--1. California's (and other non-conforming areas) speciality fuels are always going to cost more-blame the EPA and the Clean Air Act and your local government. The most expensive gas here (central Arkansas) is $2.16 for 93 octane & you can find 87 octane for as little as $1.73. 2. Nigeria-I don't think any American had anything to do with the mess there. 3. Hurricanes & tropical storms-3 of them in the Gulf. Disrupted the output of the rigs, and the pipelines will need repairs. Any supply interruptions are going to drive the price up, and when you have 3 or 4 at once, the markets really skyrocket. When (and if) the supply lines begin to fill up again we will see a drop in prices. Check your history, this has been happening for years. I hope this was OK with ya'll. BL
