MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: Zeev Hed who wrote (55248)	6/25/2000 5:10:00 PM
From: Haim R. Branisteanu	Read Replies (1) of 99985

Zeev, there is no question that oil prices will not go to the moon as other alternative energy sources will substitute oil. For example nuclear energy now is much more cheaper to produce and maintain than it was 15 years ago. Best example is France where most electricity is generated by nuclear power, well maintained and few know it even exists. In the US the safety craze and oil interest were an obstacle to expanding of modern nuclear power. If Bush is elected I am not sure a proper energy policy will follow but may be that some thing will happen sooner than later. All that said oil is priced right around $30 a barrel if accounting for inflation and dollar overvaluation. BWDIK Haim

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