You are right, Patrick-both on the stocks (and profits and losses) and about
wells being filled in.
I've read that already, the oil companies are seeing a drop in profits.
Let's hope!
Laura G.
Vita brevis est: rapide agite, vigore strigate!
----- Original Message -----
From: Bowen, Patrick A RP2 <PABowen@sar.med.navy.mil>
To: 'Bradley D. Richardson' <brichard@us.oracle.com>; Laura Gharazeddine
<Laura.G@141.com>
Cc: <Triumphs@autox.team.net>; <Spitfires@autox.team.net>
Sent: Wednesday, March 22, 2000 12:49 PM
Subject: RE: gas prices - YIKES!
> Actually it does affect them buy affecting their stock shares. To be more
> precise it could affect them, given that enough people were to take part.
> Stocks do not pay attention to the fact that usage will be up in a couple
of
> days. The stock market is more of an emotional than logical system. If
you
> shake it, and scare the investors of one company into bailing out (which
> only takes a couple days, seen that one happen). Than you drastically
> affect the price of the share and the value of the company as a whole.
Drop
> the value of a companys shares by half thier value and see if they don't
> take notice.
>
> While obviously a complete halt of usage would do more, I realize that it
is
> also impractical at this point. But a temporary interruption, by the VAST
> MAJORITY would work. Problem is if you got 10,000 people all across the
US
> to observe this for three days you have done nothing, as another 220
million
> simply filled up in your place.
>
> The truth be told the costs of GAS in the US is a closely watched item in
DC
> (maybe not so effectively) where the formula for gas is dictated. They
> decide how much gas from what souorce and what quality to make what, to
keep
> the cost balanced on the economy.
>
> Truth is there are thousands of wells in West Texas that people were paid
by
> the government to fill in because it was decided that particular source of
> gas did not fit into the governments equation.
>
> Hmmm, makes you think
>
> patrick Bowen
>
> -----Original Message-----
> From: Bradley D. Richardson [mailto:brichard@us.oracle.com]
> Sent: Wednesday, March 22, 2000 3:29 PM
> To: Laura Gharazeddine
> Cc: LaJoMor@aol.com; spitdrvr@camalott.com; reid.w.simmons@intel.com;
> Triumphs@autox.team.net; Spitfires@autox.team.net
> Subject: Re: gas prices - YIKES!
>
>
>
> while I understand the goal of this, I don't understand how it can
> work. If we all fill up early, and drive the same miles, we haven't hit
> the oil companies in the pocket at all, they'll still get the same
> amount of money, just hit's their cash register a few days early. the
> only way to REALLY hit them is to NOT drive. Unless I'm missing
> something here.
>
> Brad
>
> =============================
>
> Laura Gharazeddine wrote:
> >
> > I have those days circled on my calendar!
> >
> > Laura G.
> >
> >
> > > Remember the no-buy-gas days....7,8,9 April. Fill up ahead...who
knows,
> > maybe
> > > it will do something!
> > > Larry
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