SV: gas $ (was Re: SV: Re[2]: [AT] NC Trailer regulations

[Rob Wilson]

Actually there was some information on the news about 
President Bush ordering the national oil reserve to be
filled to capacity which I believe is 700 million 
barrels. Right now or at the time of the article the
reserve was at 670 million barrels. It said that the
head of OPEC had contacted the White House asking for
Bush to dip into the reserve to "cool" the oil market. 
His response was no. The theory is that while they are
filling the reserve the production is at maximum 
capacity due to the hurricanes taking out some of the
off shore rigs and them being off line for so long. 
OPEC feels that if Bush uses the reserve to cool the 
market we won't look towards alternative energy since
we will be happy paying around $2.00 a gallon. If 
the price keeps going up we look towards bio fuels.
This would be a wind fall for the ag industry in the
US. Supply and demand rules say that when the reserve
is full and the production is still maxed out and the
off shore rigs come back on line the price will drop.
Not good for OPEC. They like the idea of being right
on the edge of maximum production which keeps the 
price up. Maybe our President is crazy like a fox. 

Rob

-----Original Message-----
From: at-bounces at lists.antique-tractor.com
[mailto:at-bounces at lists.antique-tractor.com] On Behalf Of Mark Greer
Sent: Wednesday, November 03, 2004 10:09 PM
To: Antique tractor email discussion group
Subject: Re: SV: gas $ (was Re: SV: Re[2]: [AT] NC Trailer regulations


That is a crock of $#!+. Crude oil is at $50/barrel plus and gas and
diesel is as high $$ as it's ever been which totally debunks the BS
"theory" being floated about the 'net about the oil industry keeping
prices low around election time to make Bush look good. Show me gas at
$1.25/gallon and I might consider the "theory". Mark