Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Snowshoe who wrote (54480)	10/20/2004 2:19:20 AM
From: Raymond Duray	Read Replies (2) of 74559

Hi Snowshoe, Re: In the U.S. only about 3% of the electicity is generated by oil. Compared with the overall energy budget of the U.S. which consists of 40% oil, and the rest other fossil fuels, nucular installations, hydro and a tiny droplet of alternative energy sources. With our economy being based on cheap energy, and crude being 40% of that mix, it's kinda distressing that the price of the stuff has nearly doubled in two years, and shows no sign of becoming a bargain anytime soon. I hear they got some terrorists protecting the oilfields in Iran. Guess we better go wipe 'em out, eh?

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