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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Voltaire who wrote (585)9/12/2000 9:44:02 AM
From: Jim Willie CB  Read Replies (4) of 65232
 
comment on crude oil prices
I have made this point before, but worth repeating

in 1990 oil accounted for about 7% of our economy's GDP

in 1997 oil accounted for about 3%

in 2000 it accounts for about 1%

crude oil is a manipulative card now utilized by those who pretend to control the rudder of the investment scene
the US economy has transformed in large ways in the last decade
not just service based, but fast growing technology leadership

/ JW
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