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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 453.97-0.1%Feb 4 4:00 PM EST
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To: elmatador who wrote (414)9/12/2005 3:35:43 AM
From: Elroy Jetson  Read Replies (2) of 220026
 
"This time is different."

Drawing on my fine command of language, I said nothing. -- Mark Twain

Speculators helped push up prices in the late 1970 and early 1980 period as well.

This sharp run-up in prices created an economic recession plus major widespread investments in energy conservation and alternative energy.

These factors reduced oil demand and prices collapsed and didn't recover for 20 years. Although the energy conservation investments continued to provide benefits, although reduced, the alternate energy projects were sharply scaled back or closed.

As time goes by, higher sustained oil prices will create more use of alternate energy - gradually. Oil price spikes are self-extinguishing.

History does not repeat itself, It rhymes. -- Mark Twain
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