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To: bobby beara who wrote (39672)2/10/2000 10:32:00 PM
From: Haim R. Branisteanu  Respond to of 99985
 
BB, oil is not more expensive today than in 1997 in dollars adjusted to inflation.

The price is about right at $28-$29. The fact that we had lower inflation as a result of the drastic plunge of oil this another mater all together.

Gold, btw should be around $400 in 1996/97 dollars.

BWDIK
Haim