Jim Wildman wrote:
>
> I'll guess that the refineries have also completed their switchover to
> heating oil and that more production is on line.
>
> ------------------------------------------------------------------------
> Jim Wildman jim@rossberry.com
> 903-736-4393
>
George Bush made an appeal last night to encourage domestic production
of oil to decrease the dependency on foreign oil. With the 30% drop in
gas prices, it seems to me that foreign sources are more dependent on us
to buy. Increasing domestic production might decrease dependency, but I
doubt that this will translate into relatively cheap energy costs.
Supply might remain steady, but I doubt prices will.
-Robert
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