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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: Bill who wrote (129742)7/23/2008 4:50:27 PM
From: Kevin Rose   of 173976
 
Changes are short term, trends are long. The rise and fall of the dollar is short term - unless there is a strong dollar policy that creates a trend.

Changes in drilling bans, etc, have short term consequences on prices. Trends towards conservation, or real alternatives that have a lasting impact, are trends.

Increasing drilling on small reserves are expected and priced in - a consequence of the current high price. However, the reserve numbers don't exist here to make for it a trend.
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