Oil & Gas Price Economics Message Board

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Gold/Mining/Energy : Oil & Gas Price Economics

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To: Alan Brezin who wrote (276)	9/15/2000 10:54:21 PM
From: excardog	Read Replies (1) of 350

Alan, Not sure I can agree with your non inflationary opinion regarding energy costs. Oil is used in so many different components of our society from transportation to textiles. Each company must make it's own choice as when to pass along it's increased costs to the consumer. At some point this will create inflation which will IMO cause the Fed to raise rates. Which in turn will cause a contraction in GDP. Having lived through the two previous oil "shocks" and having been in the car industry during this time my experiences define the word recession. Cars flat stop selling. Automobile ownership and useage are a huge part of our economy. Thousands of jobs and well paying ones I might add are at stake. Who does not remember Chryslers near collapse? Everyone seems to believe that the price of oil will not have an effect on our new "digital" economy. That is where I must agree to disagree. We have chosen to ignore our past and are therefore destined to repeat it. All our SUV's shall soon be waiting in gas lines bringing back old memories of days gone by. Been there done that.

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