Bruce say's it's official! ( Oil...again)

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Subject: Its Official ! Date: 21 Jan 2000 22:18:52 -0000 From: "Y2K People Finding People" Y2K People Finding People - http://www.webpal.org/list.htm

The price of Diesel (and heating oil) has hit an ALL TIME HIGH on the east coast U.S. Higher than during the Gulf War. Higher than during the OPEC crises. Higher than ever.

Source: http://pub3.ezboard.com/fdownstreamventurespetroleummarkets.showMessage?topicID=259.topic

Why? We were having a glut, we were told after New Years. I am not buying oil. I filled up for Y2K. Did my neighbor's prepare for Y2K? When I asked the local oil companies they told me that many customers had asked to be topped off before Y2K. This was prudent. They were going to have to be eventually filled anyway. Didn't cost anymore. So they did it. So they aren't buying fuel now. Who is?

And what about all those generating plants big corporations government facilities that were stocking up? Surely they aren't empty now.

And the weather has been mild until now. Low, low demand (fortunately). What IS the problem?

Okay, so Saudi Arabia SAID they would make up any short falls, and Venezuela, the MAJOR South American source, is kaput, but now OPEC says no, lets keep the prices up. Maybe, but I don't think so. Those rumors that Saudi Arabia is having trouble producing, and the verified information that Iraq is having SEVERE production problems sounds too much like it could be the explanation.

Now, I know you folks in the oil producing areas of Colorado and some other places don't think that any of this is a problem or even a Y2K issue.

And I will tell you, that I don't yet know what is going on - but all those nasty letters that I was getting about how terrible I had been to frighten people about Y2K and that I should admit that I was wrong and apologise to everyone and now shut up and go away - still don't have me fully convinced.

I am still wondering. Are you?

Peace and love, Bruce Beach survival@webpal.org

-- Charli (claypool@belatlantic.net), January 21, 2000

Answers

3rd time this has been posted

-- (-@-.-), January 21, 2000.
-@-.-

ISP connections to underground vehicles is very unreliable

-- (troglodyte@buried.busbastion), January 21, 2000.

I saw Bruce Beach on the Comedy Channel. Mo Rocca did the interview. Unfortunately, it doesn't appear that Bruce took the opportunity to discuss the merits of living smarter. I do realize, however, they may have cut anything worthwhile that he might have said. In the end, they made Bruce look rather foolish. I wonder if he knew the news show that came out was a comedy news show and this was not going to be a serious feature.

Bruce, you have my condolences.

Sincerely, Stan Faryna

-- Stan Faryna (faryna@groupmail.com), January 21, 2000.

My, we're persistent with this one. Again; how does the price compare with (e.g.) the 1970's/1989/Gulf police action prices after adjusting for growth/inflation?

-- Servant (public_service@yahoo.com), January 22, 2000.
--(--@--_--)--or whatever:

This was a *NEW* installment by Mr. Beach. He had written several articles yesterday that I recieve by email. I checked the previous postings for duplicates before I put it up. If I missed it I appologize.

...I won't post anymore of his observations to the group.

SORRY!

-- Charli (claypool@belatlantic.net), January 22, 2000.

Servant banker-boy,

you'll never know because

1. you said you're leaving this forum

2. you're too thick to do the most basic of research

begone

-- Andy (2000EOD@prodigy.net), January 22, 2000.

Servant,

When folks say that oil is cheap today compared to a decade ago, or that gasoline is cheap in this country compared to other countries, other folks get the impression that the price could rise with little impact. After all, the higher price does not seem to hurt the Brits, does it? We were OK a decade ago were we not?

However, comparing the price of oil this week to the price of oil eleven years ago is misleading. Here is why: The price of oil was at equilibrium with all other prices just a few short MONTHS ago. Increasing the price of oil this week, has an impact on other prices - regardless of the inflation adjusted price of oil years ago. That is because ALL the prices have changed over the last decade, not just the price of oil. An increase in the price of oil will cause all other prices to go up in this country. It will increase inflation, increase the cost of borrowing, and decrease the chances that someone can afford a replacement auto or a home for their growing young family.

The comparison of today's oil cost to that of another decade is therfore not only a waste of time, it is a deception - for it makes folks feel more comfortable with the increase when NO comfort is warranted.

Sincrerely,

-- Uhhmmm... (JFCP81A@aol.com), January 22, 2000.

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