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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 217.15

-2.5%

Nov 20 3:59 PM EST

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To: GST who wrote (111400)	10/29/2000 9:10:03 PM
From: Sarmad Y. Hermiz	Read Replies (2) of 164684

GST, As our economist-in-residence, I wonder if you have an answer for this question. We all know oil prices have increased in the past year. Lets say the average increase has been a rise from $20/per barrel to $30. A rise of $10. multiply by 40 million barrels of exports per day. That's $400 million/day or approx $150 billion per year. This is a transfer of spending power from US/Europe/Japan and others to oil exporters. Of course this reduces spending for everything (except oil), and specifically hits some items such as SUV's especially hard. But what about the other side of this coin. That $150 billion that is an increase in the spending power of the oil exporting countries. Doesn't that balance the general reduction of demand in the oil importing countries by an equal increase in demand in the oil exporting countries ? Maybe not for the same items, but it is still demand, isn't it ? What am I missing ?

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