Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: energyplay who wrote (49528)	5/6/2004 6:05:30 AM
From: Maurice Winn	Read Replies (1) of 74559

8 million barrels a day? No big deal. <Lest there be any doubt about this, as Larry Goldstein, president of the Petroleum Industry Research Foundation told the Wall Street Journal this week: A disruption of Saudi oil supplies is "one event to which no one has an answer." > That's easy, put the price up so that people use less of it. Easy peasy! Of all energy consumed, 8 million barrels isn't much. It would barely dent the world's economy. People would walk more, ride bicycles, wear warm clothes in winter and cool in summer, etc. Mqurice

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