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Non-Tech : Deflation
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To: ahhaha who wrote (197)11/23/2002 6:24:04 PM
From: Maurice Winn  Read Replies (1) of 621
 
Hahaha, $23 = half of $43 per barrel [near enough mate - economics isn't science so precision isn't a big deal]. --- hang on, those economagic numbers don't show a $43 anywhere??? The spot peaks were over $40. too bad... Maybe my memory has failed or maybe there was a variety of oil prices [Brent, Dubai, West Texas, ... ].

Also, those are spot prices. There were contracts being signed separate from spot prices. Half was near enough for the discussions and the main part of the boom was in the late 1980s [never mind the blip in 1987] and on through the 1990s.

Re 'socialist Australian' - yesterday I spent the day at an Act New Zealand conference. It's called an extreme right wing political party - the most extreme right wing party we have! Not that I agree with the label, but that's life in the fast lane. act.org.nz So your lack of attention to detail and mistaken facts continue to pollute your lack of understanding.

Mqurice
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