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2005-09-03 Home Front: Economy

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Posted by trailing wife 2005-09-03 00:00|| || Front Page|| [11125 views since 2007-05-07] Top

#1 IEA members are obligated to do this by treaty if the IEA decides it is required. The IEA is not an European organization, its membership corresponds with the OECD. So making this out to be an act of European generosity is pure MSM spin.

Posted by phil_b 2005-09-03 00:58|| 2005-09-03 00:58|| Front Page Top

#2 Well I think the Euros don't want to see their economies go down the plug hole. If our Economy should falter they might as well pack it in as they are in wosre shap then we are in many ways. The what to seem to be doing something even if they are not. We are going to try and make a temporary 50% in energy consumption at out house. It's hard to justify high prices when demand falls off.

Posted by Sock Puppet OÂ´ Doom 2005-09-03 01:05|| 2005-09-03 01:05|| Front Page Top

#3 Thanks for the info Phil.
That picture looks like it was taken around 1966 or 67. A pretty site at 22.9 per gallon heh.

Posted by Jan 2005-09-03 03:35|| 2005-09-03 03:35|| Front Page Top

#4 I figure 1954, has that early Kodachrome look to it.

Posted by Mona Gorilla 2005-09-03 10:09|| 2005-09-03 10:09|| Front Page Top

#5 I don't think it's right to question the motives of people offering their help when you need it. Just had to say it.

I appreciate the europeans response and next time I see a tourist from a country that is offering their aid I'm buying them a drink.

Posted by Damn_Proud_American 2005-09-03 10:11|| 2005-09-03 10:11|| Front Page Top

#6 The article is a good example of how to weave a series of facts into an overall fiction. Bloomberg, generally the best the source of spin free reporting, reports the same thing without mentioning Europe. The whole point of the IEA is coordinated release of stocks by members in the event of a supply disruption.

Posted by phil_b 2005-09-03 16:10|| 2005-09-03 16:10|| Front Page Top

#7 It may be under the IEA, but it is European countries that are releasing stocks. Are countries with excess capacity, like Mexico and Venezuela, also releasing gasoline stocks?

Posted by ed 2005-09-03 16:19|| 2005-09-03 16:19|| Front Page Top

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