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To: upanddown who wrote (62014)3/12/2000 9:06:00 PM
From: Tommaso  Read Replies (2) | Respond to of 95453
 
What that means is that there could be a long way to go on the upside for oil.

Also, if oil goes up and the rest of the economy contracts (as has been known to happen, if not in the adult experience of anyone under forty) , then it becomes a higher percentage.

The United States is dependent as never before on energy imports, and it is very unsound from the point of view of our national economic security.



To: upanddown who wrote (62014)3/13/2000 10:30:00 AM
From: JungleInvestor  Respond to of 95453
 
John, I wonder what the combined effect of oil and NG is on the economy in period 1974 through '85 versus now. Everyone is focusing on OPEC and oil prices, but NG prices are high and probably going higher with anticipated deliverability problems. If NG prices go higher, this will have a significant effect on the US economy (heating and electric costs).


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