Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: ItsAllCyclical who wrote (71875)	8/28/2000 8:33:40 PM
From: Jon Cave	Read Replies (4) of 95453

Why is $33 oil not inflationary? I need help. I do not understand why the financial stocks are continuing to rise while oil is knocking on $33. I also don't understand why analysts continue to say that oil prices are not inflationary. I userstand that the fed will not raise rates until after the election. But, what about after the election. I am worried. The only positive thing about high energy prices is it should slow down the economy. But, how much. Analysts say that our economy is not as dependant on oil as we were 10 years ago. I quess we produce 10% less oil now than 10 years ago and have fewer workers in energy companies. I would think that would make oil more inflatinary now as we have to import more. Don't people still have to heat there houses and drive to work. We can't deliver goods without trucks, airplance and railroads. And why in the heck are some airline stocks so high. Aren't folks worried that consumers will cut back on all spending to help pay there energy bills. Energy should be the last thing that consumers cut back on. Somebody educate me on these issues.

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