At 06:22 PM 9/11/01 -0400 Gary Nunn wrote:
>There is no reason that the supply or demand should significantly increase
>nationwide as a result of this attack. No more or less than during any other
>war. If it were an issue of supply and demand, then it would be
>understandable, but when the supply is manipulated by the produces to
>artificially inflate the prices, then it should become criminal.
People seem to forget that despite all the stories about "expensive" gas
lately, they haven't yet matched levels we saw during the Persian Gulf War.
If the United States retaliates against this attack, and precipitates an
OPEC boycott, there is every reason to predict an oil shortage.
Additionally, the Gulf Coast Terminal in Louisiana was shut down today -
which is critical since gasoline supplies fell very low at the end of last
week.
Moreover, the US Navy has deployed a large number of ships off the US East
Coast. This could restrict tanker imports.
With so much uncertainty in the air, combined with a very real shortage of
backup supplies - there is every reason to predict a price increase.
JDG
__________________________________________________________
John D. Giorgis - [EMAIL PROTECTED] - ICQ #3527685
We are products of the same history, reaching from Jerusalem and
Athens to Warsaw and Washington. We share more than an alliance.
We share a civilization. - George W. Bush, Warsaw, 06/15/01
