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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: Tim McCormick who wrote (80767)	12/22/1999 7:27:00 AM
From: Terry Whitman	Read Replies (3) \| Respond to of 86076

Like a few weeks without oil will matter to this mania. It doesn't run on oil- It runs on imagination. When Yahoo was added to the S&P index its capitalization went up by $30 billion in just 3 trading days. Now $30 billion is still a lot of money. Saudi Arabia, world's largest oil producer, produces oil worth about $72 billion in a full year. Microsoft added more than $ 75 billion to its capitalization in two days. Money hasn't yet lost all its value. Even at near record price of about US$ 25 per barrel, the total Oil consumption of the US is about US$ 180 billion for a full year. gold-eagle.com Note that the author is a Saudi. OPEC may pop this bubble just like 73'...