Philip Verleger
Philip Verleger
consumers economic energy expect force impacts increase katrina severe
I expect that Katrina will have very severe economic impacts because it will force consumers to increase expenditures on energy drastically,
devil nobody pay written
It could be written so nobody ever has to pay a penny, ... The devil is in the details.
issue kept national needs security technology
There's no national security issue here -- zero. Unocal doesn't have technology that needs to be kept secret.
sell
They want to be able to sell to all customers.
ahead billion congress goes pay setup spends
This is the setup for 1966, 1967, 1968. If Congress goes ahead and spends another $200 billion and doesn't pay for it, it's just what LBJ did.
demand high looks putting rules squeeze supplies supply therefore
We are introducing these new rules when demand is high and it looks like supply is going to be low, therefore putting a squeeze on supplies and prices.