Dan Minette wrote:
----- Original Message -----
From: "Doug Pensinger" <[EMAIL PROTECTED]>
To: "Killer Bs Discussion" <[email protected]>
Sent: Wednesday, December 07, 2005 10:11 PM
Subject: Re: Bitter Fruit
Dan Minette wrote:
So, why would he take an action that would be most likely to cause
another downturn? The best thing possible for the US oil patch is
keeping Iraqi
oil boycotted forever.
He has a knack for turning straw into sh*t. One thing _sure_ to cause
oil
prices to go up is turmoil in the Middle East. Now we have an
(incompitant) oil guy in the White House, a quagmire in the Middle East
and high oil prices. Surprise, surprise.
I'd like to walk through this slowly, because I would like to see where
we start to diverge.
We've been over this and we know where we diverge.
Actually I don't. I get from you that prices of energy have minimal
relationship to supply and demand, but have a lot to do with price fixing.
But, I'm not sure that's what you really believe.
The fact that the
energy companies are paying huge sums to California and that their
officials are being indicted and imprisoned would indicate to me that
whatever supply problems we had, they were ramped up precipitously by
these companie's abuses.
So, since these nasty oil companies control prices, why do they sometimes
conspire to drive oil and natural gas prices low? If there were no supply
problem, why didn't California buy electricity someplace else?
I really don't know where you think the conspiricity starts, since the
supply problem is thought to be minimal by you. Do you believe that the
spot market price of natural gas was fixed by the energy companies?
Um, would it have anything to do with the energy companies in question
having "helped" write the "deregulation" legislation in CA? (Doug?)
Julia
possibly about to regret getting into this
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