To: JRI who wrote (9051 ) 1/30/2000 3:45:00 PM From: Bill Fischofer Read Replies (1) | Respond to
OT: Oil and Productivity measuresThe Coming Oil Crisis . While his theories remain somewhat controversial, I've found they provide a remarkable lens through which to view the big picture of oil's role on the global political stage. lowered , functionality is improved, and demand and profits increase. Increasing efficiency throughout the "real economy" is the true benefit of the Internet. In the 1950s the building of the Interstate highway system resulted in a huge boom in construction companies but this was but a prelude to the enormous commercial benefits that the users of that highway saw in the decades that followed. Similarly, as the Internet is built out we are seeing enormous gains in companies such as CSCO and EMC which are supplying the essential infrastructure of the net, but these gains will pale next to the gains that the business users of the net will see in the decades to come. The multi-trillion dollar bonanza of B2B ecommerce isn't going to flow into CMRC's coffers. It will flow into the coffers of GE, GM, F, BA, C, MRK, XOM, and thousands of other companies around the world which will garner enormous efficiencies in their use of the net. In addition, just as the Interstate highway system spawned whole new industries and distribution models in its wake, so too will the net do the same. For example, YHOO is to the net what MCD was to the highway system. And this is why companies like EBAY and AMZN will defy their skeptics.
