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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: dfloydr who wrote (50939)	9/11/1999 11:00:00 AM
From: Think4Yourself	Respond to of 95453

OT: Don't worry about your VCR breaking. I just replaced my $400+ JVC VCR, which was near the top of the line 7+ years ago. The new one is a $150 Sony. It is smaller, lighter, has more features, and freeze frames as good as the old. The old VCR still works fine. I just got tired of looking at it :-) So much for inflation...

To: dfloydr who wrote (50939)	9/11/1999 11:08:00 AM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

CPI will DEFINITELY reflext higher oil prices. The economists that are predicting that a doubling of energy prices won't effect inflation amaze me. How does one become an economist without understanding the fundamentals of how economies work? Isn't that a PLUS for the industry? Doesn't oil become a hedge against inflation, drawing in even more dollars from the bloated pigs known as the internet stocks and technology stocks?? Those companies can't raise their prices that easily due to stiff competition, which effects their earnings negatively.

To: dfloydr who wrote (50939)	9/11/1999 12:24:00 PM
From: marc chatman	Read Replies (3) \| Respond to of 95453

I was under the impression that a weaker dollar, in general, was good for industry. Yes, certain overseas operating costs denominated in local currencies will hurt margins to an extent. But, since oil is priced in dollars, it will be cheaper for countries with stronger currencies (such as Japan). Relatively cheaper oil should spur demand for it in those countries. If you're talking about the dollar crashing, and taking down the entire market, that's another story.