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

To: Think4Yourself who wrote (58913)	1/22/2000 1:00:00 PM
From: Razorbak	Respond to of 95453

Impact of $50/bbl Oil = Recession... Period. If this perception is true oil prices could easily go to $50 with no ill effect ($1.85 gas) AS LONG AS IT DIDN'T GO UP TOO FAST. We would still be paying a lot less per gallon than most countries. In other words, we will have oil related inflation but americans simply won't care. IMO, you are deluding yourself into thinking that $50/bbl oil would not have a major negative impact on the overall economy, inevitably leading to a recession. Commercial trucking firms, airlines, and delivery vehicles would be dealt substantial blows that would ripple throughout every economy in the industrialized world. Furthermore, not all consumer demand is as inelastic as that indicated by SUV-driving yuppies in the richer suburbs of the USA. They may make up a large subset of the population on stock discussion threads like these, but they still make up a substantial minority of the populations of not only the USA, but all other OECD countries. Razor PS - Feel free to disregard this opinion since it comes from a former ANALyst. ;-)