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Strategies & Market Trends : Waiting for the big Kahuna
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To: Val who wrote (1248)6/23/1997 1:34:00 PM
From: Carl Zbad   of 94695
 
Val,

Your logic is sound. My point was that economically, theoretically oil supply is infinite because rising prices will prohibit exhaustion of supply.

I agree that oil could trigger a big kahuna if supply to the U.S. were curtailed, a la 1973. My understanding is that the U.S. is sitting on enough oil reserves for self sufficiency, but environmentalists have stymied recovery.

Now that Iran has cruise missiles capable of disrupting shipping lanes in the Persian Gulf, who knows, maybe they'll do something stupid that could trigger the kaboom. We live in an interesting time (interesting as in the old Chinese curse).

Regards

carlzbad
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