Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (183565)	2/24/2004 7:50:16 PM
From: TimF	Read Replies (2) of 1573982

If you try to do it (stop importing oil or other energy sources) quickly now you will throw the economy in to serious recession whether or not the price of oil actually goes to $60. If you price of oil goes up gradually then the normal market mechanisms will allow for replacement of oil or reduced energy use with the minimum possible economic disruption. If the price zooms up to $60 per barrel then we will have a severe recession whether or not we have increased our efforts at energy conservation before the price increase. Tim

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