No Blood For Oil

May 16, 2004 05:29

Subject: FW: Don't buy gas on May 19th ( Read more... )

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tim2pac May 16 2004, 09:21:05 UTC
I wont dignify the absurdity of the idea of a "gas boycott" with a response. The only logical part in there is the "again and again," aspect. The only way the price of gasoline is going to come down is for demand to come down, and that isn't going to happen any time soon...especially with summer coming. (Choking on their surpluses? ha!)

However, as far as the charge that Arab nations were going to reduce prices. I refer you to this article

World growth forecast represents the largest absolute increase in global oil demand since 1988, the International Energy Agency, adviser on energy to 26 industrialized nations, said in its monthly Oil Market Report.

OPEC President Purnomo Yusgiantoro of Indonesia said on Wednesday the cartel is already pumping more than two million barrels daily in excess of official supply limits in a bid to cool world oil prices.

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Lookie what I found! tim2pac May 16 2004, 09:26:45 UTC

sublimeade May 18 2004, 13:38:10 UTC
Any economist will tell you it wont work. I think liberals must have done the calculations.

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