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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (36595)	5/30/2000 10:38:00 PM
From: pater tenebrarum	Respond to of 42523

i know...we're now running on virtual energy. actually in inflation adjusted terms current energy prices are still relatively low. which means they may have a lot more upside potential left in them. all this talk about how energy is a much smaller part of the economy than in the 70's is actually nonsense, as it is based on this inflation-adjusted view. in today's dollars a barrel of crude was $72 in '74. if it were to go back to that price, it would quickly become a much larger part of the economy once more.