----- Original Message -----
From: "John D. Giorgis" <[EMAIL PROTECTED]>
To: "Brin-L" <[EMAIL PROTECTED]>
Sent: Tuesday, September 11, 2001 5:39 PM
Subject: RE: Gas prices shooting up in response to attack??
> 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
There is, but that takes weeks to get to the pump. Since oil prices are
very important to my livelyhood, I checked the crude prices. They went up
about 7%. I think that tripling prices is not just normal supply and
demand. Around here, prices have stayed the same, as far as I can tell.
It is close to war profiteering, you know.
Dan M.
