-Caveat Lector- <A HREF="http://www.ctrl.org/">
</A> -Cui Bono?-
If anyone has contact with the Buchanan Organization,
you might forward the following information.
Gasoline prices will be an issue in Presidential Election.
With this information, Buchanan might be able to
throw some gas on the fire!
Nakano
___________________________________________________________
Just 13 months ago, Feb. of 1999,
we had the lowest gasoline prices in history!
According to U.S. Dept. of Energy figures, the National Average Price
for a gallon of Unleaded Regular was 90.7 cents. (When adjusted
for inflation, this is the lowest gas price the DOE
has recorded since reporting began.
Here's the point.
The U.S. Senate acquitted Bill Clinton of the Impeachment
charges on February 12, 1999. This is the very same time
that gas prices hit the all-time low!
Within 2 weeks after Clinton was acquitted, gas prices
started climbing...and they have continued to climb to
where they are today. The latest DOE Reports gives
the National Average Price for Unleaded Regular as
$1.53 per gallon.
Bill Clinton was acquitted 63 cents ago!
6 months before Clinton's impeachment, the average
price per gallon was $1.07.
The price decreased 17 cents per gallon leading up to
the impeachment vote in the Senate.
The price was 90.7 cents when the Senate acquitted him.
It has gone up 63 cents a gallon since then.
THAT'S A MIGHTY BIG COINCIDENCE ISN'T IT?
Cheap energy prices were one of the main reasons our
National Economy has been so good.
A lot of people in this country did not want to see Clinton
removed from Office because of the good economy.
U.S. Dept. of Energy Reports:
RETAIL GASOLINE (Self Service Prices per Gallon, Including Taxes)
National Price - Regular Grade Average - 1998 -99
06/08/98 1.075 (6 months before Impeachment voted in the House of Rep)
12/14/98 0.945 (House of Representatives votes to Impeach)
12/28/98 0.937
02/01/99 0.929
02/22/99 0.907 (Senate acquits Clinton on Feb. 12, 2000)
03/08/99 0.921
03/15/99 0.977
03/29/99 1.082
04/12/99 1.140
08/16/99 1.236
11/29/99 1.274
01/24/00 1.315 (National Price - Regular Grade Average - 2000)
02/28/00 1.421
03/06/00 1.50
03/20/00 1.529 (Latest DOE Figures available)
Source: Form EIA-878 "Motor Gasoline Price Survey"
For additional information please contact the Energy Information
Administration's
National Energy Information Center at (202) 586-8800.
TIMELINE:
January 1, 1999:
U.S. retail gasoline prices have decreased 15% since June of '98.
Even though Crude oil prices were up 10.2%, the price levels for the refined
petroleum products continued to decline in January (-1.6%) and stands
18.1% lower than in January 1998 and 31.7% lower than in January 1997.
February 10, 1999:
U.S. Energy Secretary Bill Richardson visits Saudi Arabia to discuss
potential U.S. investment in the Kingdom's oil and gas sectors.
Secretary Richardson's visit comes several months after a
September 1998 meeting between several U.S. oil companies,
Saudi Crown Prince Abdullah and Saudi Oil Minister Ali Naimi,
in which Abdullah requested proposals from the companies on the
development of Saudi oil reserves. (DJ), (USA), (WSJ)
February 12 1999:
Bill Clinton acquitted of Impeachment charges by the U.S. Senate.
February 22, 1999
The U.S. Department of Energy reports the all-time low retail price
for gasoline (inflation adjusted dollars).
National average price for a gallon of unleaded regular 90.7 cents.
March 23 1999:
U.S. retail gasoline prices have increased an average of 18 cents per gallon
since Bill Clinton was acquitted 27 days ago. U.S. average retail price per
gallon of unleaded regular is $1.08 (U.S. Dept. of Energy Report)
The members of the Organization of Petroleum Exporting Countries (OPEC)
voted in Vienna to cut output by 2.1 million barrels of
oil a day through March 2000. Non-OPEC nations, including Norway,
Mexico, Russia and Oman, followed with the announcement that they
would cut production by an additional 388,000 barrels a day.
(DJ, NYT)
April 17, 1999
U.S. average retail price per gallon of unleaded regular is $1.14.
This is a 26% price increase since Bill Clinton was acquitted 2 months ago.
(DJ)
August 9, 1999:
The United States Department of Commerce dismisses a petition filed by Save
Domestic Oil, Inc. under anti-dumping statutes. The petition alleged that
Saudi Arabia, Venezuela, Mexico, and Iraq had sold crude oil
to the United States at artificially low prices.
September 22, 1999:
The Organization of Petroleum Exporting Countries (OPEC), at a meeting of its
member states' oil ministers, decides to maintain current production cuts
until March 2000, despite the fact the crude oil prices have doubled since
early 1999.
November 18, 1999:
The heads of state of Turkey, Azerbaijan, and Georgia sign an agreement to
build a pipeline for the export of crude oil from the Caspian Basin. The
1,080-mile pipeline will begin at the Azerbaijani capital, Baku, and run
through Georgia and Turkey to the Turkish port of Ceyhan. The project is
expected to cost $2.4 billion, and the government of Turkey has offered
guarantees that the cost of the Turkish segment of the pipeline will not
exceed $1.4 billion. The signing ceremony took place during a visit to
Istanbul by U.S. President Clinton for a summit of the Organization for
Cooperation and Security in Europe (OSCE). (WP, NYT)
December 21, 1999:
The Export-Import Bank drops a proposed $500 million loan to Russia's Tyumen
Oil after Secretary of State Madeleine Albright exercises her statutory
authority to block the transaction. The loan had been controversial in part
because of Tyumen Oil's dispute with BP Amoco over the bankruptcy of Russian
oil firm Sidanko, in which BP Amoco owns a major stake. BP Amoco and Tyumen
Oil later settled the dispute on December 23. (DJ)
December 31, 1999:
The average U.S. price per gallon for unleaded regular is $1.30,
up 40 cents per gallon since Clinton was acquitted in February.
The Panama Canal Zone reverts to Panamanian sovereignty at noon,
after nearly a century of American control. More than a half-million barrels
of crude oil and petroleum products transit the Canal each day. (DJ)
December 31, 1999:
Russian President Boris Yeltsin makes a surprise announcement that he is
resigning immediately. Vladimir Putin becomes Acting President, and
presidential elections will be held within 90 days, with a date to be set by
the State Duma.
Russia is the largest exporter of energy in the world. (DJ)
February 28, 2000:
The U.S. average retail price per gallon of unleaded regular is $1.42
This is an increase of 52 cents in the year since Clinton was acquitted.
March 13, 2000:
The U.S. average retail price per gallon of unleaded regular is $1.52
This is an increase of 10 cents per gallon in the past 2 weeks.
U.S. gasoline prices have increased 69% since Bill Clinton was
acquitted 13 months ago.
Gasoline prices are reported at an all time high in California.
Regular $1.74 Midgrade $1.84 Premium $1.93 Prices include all taxes.
Regards to All
Nakano
(Sources: Form EIA-878 "Motor Gasoline Price Survey" )
http://www.energy.ca.gov/fuels/gasoline/world_gasoline_prices.html
http://www.energy.ca.gov/fuels/weekly/gasoline.html
FromCalif. Energy Commission andU.S. Dept. of Energy's Energy Information
Administration
Regards to All,
Nakano
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