Oil & Gas Price Economics Message Board

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Gold/Mining/Energy : Oil & Gas Price Economics

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To: rajaggs who wrote (256)	9/11/2000 4:37:34 PM
From: Mark Adams	Read Replies (1) of 350

Just wanted to pass on a link I found yesterday, describing the potential economic impact of higher energy prices. eia.doe.gov The ultimate outcome depends on the Fed and Fiscal policy. I agree with your assessment of the Oil Ministers suggestion that taxes are the problem. Maybe misapplication of the revenue from those taxes. I also agree that OPEC is in a pretty good position at the moment, unlike some months ago when low prices suggested serious social and economic problems for the Arab countries. OPEC has suggested that the problem isn't so much the amount of crude available, but the downstream capacity. I saw a report from Merril Lynch that had many charts, which convey that we aren't in such bad shape as the oil future prices would suggest. I find myself wondering if Merril's charts are based on faulty data, and the OPEC assertion is correct, or if the oil futures are out of sync with reality.

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