ENERGY PRICE REPORTING

greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread

The EIA will report on a weekly basis prices for home heating oil and propane, switching from reporting every two weeks, on orders from Energy Secretary Bill Richardson in response to volatility in the heating fuels market.

The foregoing is from Reuter's Energy Desk 31 January 2000.

Is this a crock or what?! Do they think if energy prices are reported on a bi-weekly basis the market won't continue to rally? What could possibly be the point of this?

-- (cashtradr@aol.com), January 31, 2000

Answers

Bureaucratic Action = Make Work to look like you are busy addressing the problem when there is actually nothing you do about it in the short term.

-- Bill P (porterwn@one.net), January 31, 2000.

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