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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 19 4:00 PM EST

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To: Techplayer who wrote (52961)	6/3/2000 2:26:00 PM
From: Haim R. Branisteanu	Read Replies (2) of 99985

The rise in crude oil prices are not external but directly related to the US economy. Would like to remind you that aside from driving your SUV, harvesting the grains that feeds the cow that gives you the milk which you buy at the nearby grocery store depends on energy prices....... and it is not a small % of the final cost as many believe..... and yes it is only milk! Your shirt has a substantial energy factor in it as you do not use directly the cotton from the fields.....it is processed trough several stages by energy consuming equipment, imported by ship or airplane which move on oil products.... and the story goes on. If the US economy is slowing down there will be less demand for energy and then the supply will drive prices down. As long as the US economy is strong there will be strong demand of energy. Easy money and feel wealthy gives folks the feeling that they can use air conditioning mindlessly which is also a huge energy gobbler. those are my 2 cents US rates must raise until unemployment reaches 5% to 6% to put some reality into the heads of many dreamers. BWDIK Haim

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