SEPTEMBER 22 marked the first day of fall, three months until winter, 12 inches of snow in Wyoming, and 46 days until the presidential election. It also meant an average of $1.62 per gallon for gas and $38 per barrel for oil. For President Clinton, all these numbers added up to two very large sums: 30 million and $400 million.
In the past week, Clinton declared that 30 million barrels of oil would be released from the U.S. Strategic Petroleum Reserves, and that $400 million in federal aid would be available to American families. His intention was to drop oil prices from their 10-year high to a more manageable level for families looking to heat their homes this winter.
Clinton's plan may help in the short run, but long term it's bad news. Prices are high right now for one main reason anyone in Econ 201 could decipher
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