-Caveat Lector- <A HREF="http://www.ctrl.org/">
</A> -Cui Bono?-
3/5/00
Energy Secretary Bill Richardson publicly gave the OK
for OPEC to raise oil prices.
This whole game the bastards are playing has something to do
with presidential politics.
Well duuhh, you say. But it's hard to tell at this point who
is benefiting politically.
The end of this month will be the next Opec meeting where they
will BEGIN to raise production. Not LOWER THE PRICE mind you,
but raise production. Which is simply the way to extend high
prices while making it look like you are actually doing something
significant.
This talk of releasing the oil reserves is utter bullshit, and
more of the same. It allows high prices to continue while the
government gives the appearance of concern for us poor suffering
Americans who are just now discovering that maybe those gas guzzling
monstrosities the middle class has been buying could get really
expensive. And speaking of expensive, using petroleum powered trucks
to move EVERYTHING including basics foods, will raise the price of
all goods.
We are being gouged by the international oil industry which INCLUDES
the American companies as well because they ALSO benefit from the
high price of oil.
This is capitalism. There is NO invisible hand. There is only private
control of vital commodities. Any capitalist who has achieved
monopoly,
or oligopoly DETERMINES market needs.
It looks like encouragement for inflation. Increasing Fed rates also
encourages inflation. The big boys have played out the little piggy
investors on Wall St. Now it's the banks' turn to fleece the flock of
Dodos.
Joshua2
"[to:] [EMAIL PROTECTED]" wrote:
>
> -Caveat Lector- <A HREF="http://www.ctrl.org/">
> </A> -Cui Bono?-
>
> RE: "Clinton was acquitted 52 cents ago"
> - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
> In my last email, I provided figures on gasoline prices
> from the Dept. of Energy website. But I noticed the
> columns on dates and prices got out of whack in
> the transmission of the email. Perhaps the following
> will show more clearly the correlation between gasoline prices
> and Clinton's impeachment.
> (All figures are for the U.S. National average price
> per gallon for Unleaded Regular including taxes).
>
> The first date is June 8, 1998 which is 4 months before
> the House of Representatives began formal debate on
> whether Clinton should be impeached.
>
> (1) 6/8/98.....$1.075
>
> The House of Representatives began the impeachment
> debate on October 8, 1998 and the gas price was down 5 cents.
>
> (2) 10/8/98.....$1.02
>
> The House of Representatives voted to impeach on Dec. 19th.
>
> (3) 12/14/98.....$0.945 (94.5 cents 5 days before the vote)
>
> The U.S. Senate acquitted Clinton on Feb. 14, 1999
> by which time the gas price had fallen to 90.7 cents.
> (4) 02/22/99.....$0.907 (price bottomed 8 days after Senate vote)
>
> After the Senate voted to acquit, the gas price started
> back up almost immediately.
>
> (5) It climbed to 91.3 cents by March 1,
>
> (6) On up to 97.7 cents by March 15!
>
> (7) On up to $1.14 by April 12, 1999!
>
> (8) On up to $1.195 by August 2, 1999
>
> (9) On up to $1.268 by September 20, 1999
>
> (10) Now up to $1.421 on February 28, 2000 !
> (Latest available Dept. of Energy figures)
>
> These government figures show a 52 cent per gallon
> increase in gas prices since Clinton's impeachment
> trial in the Senate.
>
> (Source: Form EIA-878 "Motor Gasoline Price Survey"
> Energy Information Administration's
> National Energy Information Center.)
> http://www.eia.doe.gov/oil_gas/petroleum/data_publications/weekly_retail_gasol
> ine_prices/wrgp_historical.html
>
> So who paid for Clinton's acquittal?
> We all did!
> And we are not done paying for it yet!
>
> Now we are told we are having
> an "Oil Crisis"!
>
> Clinton to meet with 60 U.S. lawmakers on oil crisis
> By KERM YERMAN
> President Bill Clinton is to meet with more than 60 U.S. lawmakers and Energy
> Secretary Bill Richardson on Thursday from 1630 EST (2130 GMT) to discuss how
> sharply higher crude oil prices are impacting consumers.
> Some 60 lawmakers are invited to attend the meeting, including a contingent
> from the U.S. Northeast, the nation's heaviest home heating oil area, notably
> Democrats Sen. Charles Schumer from New York and Sen. Edward Kennedy from
> Massachusetts .
>
> Schumer has been a vocal critic of Clinton administration energy policies,
> consistently calling for the White House to tap the Strategic Petroleum
> Reserve as a way to deflate higher world crude prices.
>
> Northeast consumers have been hit hard by rising energy costs, paying as much
> as two times the normal price for home heating oil this winter.
>
> Nationally, higher crude prices have triggered sharp rises in motor
> gasoline price levels, making energy a hot political topic and leading top
> policymakers to raise concerns that sustained price rises would threaten
> economic growth.
> ------------------------------------------------------------------------------
> ---------------------
>
> ANY QUESTIONS?
>
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