I expect that Katrina will have very severe economic impacts because it will force consumers to increase expenditures on energy drastically,
It could be written so nobody ever has to pay a penny, ... The devil is in the details.
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.
There's no national security issue here -- zero. Unocal doesn't have technology that needs to be kept secret.
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.
They want to be able to sell to all customers.