All Clowns Must Be Destroyed Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : All Clowns Must Be Destroyed

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Glenn D. Rudolph who wrote (28376)	4/22/2000 2:56:00 PM
From: Archie Meeties	Read Replies (1) of 42523

Glenn, You're overlooking something; petroleum consumption in terms of GDP seems low because oil was recently very, very cheap. If it accounted for 3% of the GDP when crude was $10, what's the impact of sustained $25 crude? And the 3% figure that is quoted relates to the primary users of petroleum - the ripple effects will extend far beyond just airlines, trucking, plastics, food, etc. On a per capita basis, the US consumes far and away more crude than any other nation, and is more dependent on imported oil than ever before. Without acknowledging that crude is inflationary, this fact alone should make you wary about the longevity of this expansion. Crude will be blamed.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next