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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: smolejv@gmx.net who wrote (30895)4/6/2003 7:06:32 PM
From: energyplay  Read Replies (1) of 74559
 
Can cheap oil lead to a recovery ? Yes, it helps enormously. US GDP increases 30-50 Billion for each dollar he price of oil drops (with delay of one year roughly).

World wide GDP effect may be 3 -5 times that, or more.

If oil goes under $20 and stays there for about 3-4 months, Jay will need to get off the beach and go back to work.

Prices under about $16 mean another boom-bust cycle in the oil patch.
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