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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

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To: Tommaso who wrote (8355)	12/16/2004 4:48:12 PM
From: Goldberry	Read Replies (2) of 11633

According to that info the price of gas and therefore oil appears to track very closely to the average wage. This has occurred constantly except for the major oil price shock which occurred during the 1979-1986. From this I see 2 scenarios for the present if history is to be repeated. We are in another period of high oil prices as was manipulated in 79-86 or we are destined to return to a price which more closely matches the average wage. My take is that the odds are better that we are in the second scenario and oil and gasoline should come back off to more closely match the trendline. Do you believe that the world economy can operate and be sustained with oil at $50.00 + without going in to recession?

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