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Cheap oil. What happened to gas prices? They jumped to $1.65 to $2.08 a
gallon. Someone is getting rich as the the car owner gets poorer. Ira.
Earl Adamy wrote:
> Unlike gold, the uses of oil permeate the economy. The huge decline in oil
> prices certainly has lead to a decline in industrial and consumer and the
> rise will inevitably lead to a rise. I too have read that oil is cheaper to
> produce, however it is getting more expensive to find, develop and transport
> as the close/easy production runs out.
>
> Earl
>
> ----- Original Message -----
> From: Bradley C. Mitchell <bradmit@xxxxxxxx>
> To: <eadamy@xxxxxxxxxx>; RealTraders Discussion Group
> <realtraders@xxxxxxxxxxxxxx>
> Sent: Tuesday, May 11, 1999 5:23 PM
> Subject: RE: Sv: FUT Gold, is the game up?
>
> > I hate to make general assumptions but in the past 5-10 years (my trading
> > life) all i pretty much hear is that gold is dead as a inflation
> indicator.
> > If that is so why do we continue to hear gold brought up as one? As with
> > oil i tend to follow that with all the tech that is constantly be updated
> > the production of oil is getting cheaper. I read somewhere that oil cost
> > about $6-7pbl to process, and will continue to drop. Will that then make
> > oil not an indicator of inflation?
> >
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