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Pastimes : ASK Vendit Off Topic Questions

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To: Walkingshadow who wrote (17336)	12/20/2000 7:44:39 AM
From: Vendit™	Read Replies (4) of 19374

T I fully agree with your AG comments. I would like to point out the cause of this latest economic down turn, high-energy prices. People sometimes fail to understand that energy in the form of higher gasoline prices effect freight costs which in turn raises the price of a delivered product to the end consumer. Every piece of our economy depends on and is actually enslaved to the price of energy. The only solution to inflation and recession is a drop in the price of a barrel of oil. The past two years our federal government has through executive order choked off the flow of domestic oil by shutting down U.S. oil rigs and limiting exploration. This current administration cut our own production by 33% causing this country to rely on foreign oil thus increasing the demand overseas and causing the price to rise from $13 per barrel to $40 per barrel within a very short time frame. Oil is the key as you pointed out. This investor will just stick to his squiggly lines and play the inevitable rolls which are sure to be produced by volatile conditions as we have today.

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