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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks
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To: Goldberry who wrote (8358)12/16/2004 4:56:26 PM
From: Tommaso  Read Replies (1) of 11633
 
>>>Do you believe that the world economy can operate and be sustained with oil at $50.00 + without going in to recession?<<<

I don't know. Do you?

But best I can tell, $50 oil hasn't made any difference at all to energy consumption in the United States, and as we are often reminded, when adjusted for inflation it's chaeper than it was 20 years ago.

So what I am betting on (literally, with my own money) is that energy prices are not going to decline much.

By the way, when you say "According to that info the price of gas and therefore oil appears to track very closely to the average wage," that's not what I see in the chart at all. I see considerable variation over a 25-year period.
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