ThomWV
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Sun Aug-21-05 07:46 PM
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Edited on Sun Aug-21-05 07:47 PM by ThomWV
You know, I really don't care how much gas costs within anything like reason. All I really want is for the price to stabilize so I can figure out how to deal with it. I do not doubt that Government is powerless to effect the long term price of oil, but surely to Goodness there is some way they can moderate price roller-coaster.
How about the Government buys all imported oil and tosses it into something like the Strategic Petroleum Reserve and then sell it out to the refinery's at the 30 day moving average price. At least that way swings would be moderated and everyone would know beforehand what was coming. It would kill the speculative market, but fuck them.
Am I dead wrong in this?
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| FloridaPat
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Sun Aug-21-05 08:02 PM
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| 1. The reserve is filled. * filled it when oil was high last time. |
| MercutioATC
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Mon Aug-22-05 12:02 AM
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| 2. Actually, I don't agree with that. |
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The strategic reserve's purpose is NOT to manipulate the market.
BAD precedent to set....
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DU
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Fri Apr 19th 2024, 04:42 PM
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