Oil price cosmetics

12/20/1999
"Right now, I believe that oil prices are too high."When someone speaking from the consumer's perspective makes that statement, a follow-up test question is in order: "Have you cut the rate at which you purchase oil products?"If the answer is no, the speaker was just venting a cosmetic judgment.Even when the observation comes from the US Secretary of Energy.A firestormBy dabbling in cosmetics, Energy Sec. Bill Richardson touched off a firestorm among US producers this month. At a Center for Strategic & International Studies conference in Washington, DC, on Dec. 9, he made the statement quoted above. The questioner wanted to know whether Richardson were considering release of oil from t...
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