If an expected hike in the interest (ala Alan Greenspan) doesn't scare the
market when it happens, I doubt that a planned three day boycott of fuel
will. Stock prices may drop initially, but that would only encourage
buying those stocks knowing they will increase in value shortly. Also,
stocks of those companies are generally considered long term holdings;
investors are not influenced by minor fluctuations.
My .02
Terry Banbury
> ----------
> From: Bowen, Patrick A RP2[SMTP:PABowen@sar.med.navy.mil]
> Reply To: Bowen, Patrick A RP2
> Sent: Wednesday, March 22, 2000 3:49 PM
> To: 'Bradley D. Richardson'; Laura Gharazeddine
> Cc: Triumphs@autox.team.net; Spitfires@autox.team.net
> 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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