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To: Kirk © who wrote (11302)1/20/2000 9:11:00 AM
From: Wally Mastroly  Respond to of 15132
 
Kirk, Re: Imports - & their prices:

bloomberg.com

-

A few excerpts:

>..''American consumers are so hungry for electronics and cars that their demand can only be met by imports,'' said Chris Rupkey, an economist at Bank of Tokyo-Mitsubishi in New York, before the report. ''There is no end to this demand in sight.''...<

>..For all of last year, (oil) import prices rose 7 percent after falling two years in a row. Last year's increase, the biggest since the Persian Gulf crisis of 1990, reflected a 132.9 percent rise in oil prices, the Labor Department said last week. Excluding petroleum, import prices were unchanged in 1999 after three years of decreases...<

>..The U.S. imports more than half its crude oil.........<