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


To: jim_p who wrote (61496)3/5/2000 6:25:00 PM
From: Tommaso  Read Replies (2) | Respond to of 95453
 
A rise to $40 a barrel would only raise US gasoline prices another 40 cents or so, or about an additional 30 %. I guess that driving a 41 mpg vehicle and owning oil royalty trust stocks makes me view this eventuality without much panic, but when you think of people paying $8.00 a gallon right now in England, $1.90 looks like a bargain.

Or is my math wrong?