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To: lee kramer who wrote (88682)3/16/2000 9:13:00 AM
From: Jerry Olson  Read Replies (5) | Respond to of 120523
 
Lee

OPEC won't do it..we'll start to produce our own...that'll scared them to death...

they raise 2 million by Mar 27th minimum...



To: lee kramer who wrote (88682)3/16/2000 9:22:00 AM
From: macduff3  Read Replies (1) | Respond to of 120523
 
Lee

You may be old enough to remember the Club of Rome report issued in 1971 which predicted the world would be void of oil in 19 years. That was before Honda invented the fuel injection system which replaced the carburator and quadrupled miles per gallon and new technology doubled the drilling depth to 10 miles from the 5 mile assumption inherent in the Report. Moral of the story?

Oil has nothing to do with monetary inflation it is pure supply and demand with supply controlled by a cartel. It is about politics more than economics.