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In 1973 we survived $30/barrel oil....now it's 27 years later......
the equivalent would be about $60 !!!
Last year we had it easy below $20.....them days are gone forever.
> -----Original Message-----
> From: tradejacker@xxxxxxxxxxxx [mailto:tradejacker@xxxxxxxxxxxx]
> Sent: Thursday, March 09, 2000 5:06 PM
> To: omega-list@xxxxxxxxxx
> Subject: Re: FW: is this the beginning of .....
>
>
> declining gold prices do not support this view...inflation is still not
> a problem even with rising oil prices...the u.s. infrastruture has taken
> energy pricing into account over the years and maded adjustments
> via crude
> / natural gas hedging strategies, but the transports (air, rails,
> and trucking)
> might be impacted for a while. remember that we are in a different world
> than in the late 70's-early 80's.....thanks to microsoft / intel and the
> rise of small home offices and businesses......
>
> TJ
>
> At Thu, 9 Mar 2000 07:23:37 -0800, "Brian Massey" <bnm03@xxxxxxx> wrote:
>
> my opinion of why Greenspan
> >is
> >against a wholesale tax cut is because it creates inflationary pressures
> >that the economy doesn't need right now.
>
>
>
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