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Re: One Opinion

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Fellow Engineers,
 
This list server is maintained and supported from the courtesy of dues paying members of the Structural Engineers Association of Southern California.
As one of them, I would appreciate it if this level of political argument could be directed elsewhere.
 
Richard Hess, S.E.
 
 
 
Richard L. Hess
Hess Engineering Inc.
Los Alamitos, California
(562) 799-9787
RLHess(--nospam--at)HessEng.com
----- Original Message -----
Sent: Thursday, October 28, 2004 5:40 AM
Subject: One Opinion

I wanted to share the following thought from my friend. Interesting?
 
Rajendran
 
"Crude oil prices topped $55 per barrel a few days ago. The world consumes about 80 million barrels per day. Before Bush's misadventure into Iraq, the prices were in the $20s. You can calculate the direct impact of these unheard of increase in oil prices --- lets say $25 is the right price absent Iraq disaster and the $30 bump is equal to $2.4 billion per day or about $876 billion per year!!!! What a disaster ; pray for a fresh start on November 2nd. I can see arguements coming forth that the steep increase in oil consumption in China is the principal reason for the price increase but I think it is baloney. If Iraq were to pump 3+ millions per day, the price will drop like a rock. In the meantime, the oil company cronies of Bush are laughing all the way to the banks. What is the real incentive for Cheney to get peace in Iraq/world  and lower the oil prices?"


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