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To: Cynic 2005 who wrote (13841)3/1/2000 12:54:00 PM
From: MythMan  Respond to of 42523
 
Higher oil seems to be helping stocks at the moment.



To: Cynic 2005 who wrote (13841)3/1/2000 1:39:00 PM
From: Tim McCormick  Read Replies (1) | Respond to of 42523
 
I really think all this squealing about expensive oil is a total crock. It's like oil producers aren't entitled to profiteer while the U.S. technology, pharmaceutical and finance industries are entitled.
But the really funny thing is that oil is still extremely cheap, being much lower today than in any decade previous when adjusted for inflation.
You haven't seen anything yet. When the world figures out that the oil producers no longer want our fiat money, Congress will be talking about invading Saudi Arabia.