-Caveat Lector-
In a message dated 08/16/1999 4:21:07 AM Eastern Daylight Time,
[EMAIL PROTECTED] writes:
<<
The independent producers who lodged the cheap oil complaint argued that
Saudi Arabia, Mexico, Venezuela and Iraq had been dumping cheap oil in
violation of U.S. trade laws, at the expense of their business. The group
called Save Domestic Oil Inc. sought to trigger anti-dumping laws, which
could have led to steep tariffs on about 60 percent of the oil imported into
the United States. It was rejected for lack of broad support in the oil
industry; and while the independent group said it would appeal, that would
take years.
The American Petroleum Institute, representing major producers, had opposed
the trade move by the independents. >>
Many years ago (before Reagan pulled the teeth of Public Television) when the
PBS talk shows and documentaries really said something, I listened as a wheel
from one of the big oil companies told a panel , "Of course, the United
States would go to war to protect the oil business". At the time, I thought
he was kooky, but that was before we went to war to save Kuwait's Democracy
and the Bush family and friends' oil contacts and contracts. Maybe we're due
for another conflict. Prudy
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