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Politics : Foreign Affairs Discussion Group

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To: bentway who wrote (170987)	9/20/2005 2:51:45 AM
From: Maurice Winn	Read Replies (2) of 281500

Chris, that's a comment more on what will happen to the US$ than to what will happen to oil. Maybe the US$ will go to zero sooner rather than later, in which case you will be right, and I am working towards that happy event. In 2005US$ terms or in terms of purchasing power of a barrel of oil in exchange for chickens, corn, corn oil, ethanol or rapeseed oil, it is currently high and will come down again. But even in US$ of the day, I think oil will be back to $40 a barrel soon enough [say another 3 or 4 years at the outside as that should give sufficient time for new production to come on stream and alternatives to be brought into production. Mqurice

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