Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Thomas M. who wrote (41204)	6/21/2000 2:05:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 42523

i see what you mean...yes that's true...see the oil&gas journal article i posted on mdd - the crisis was already in the brewing stages before the embargo came into being....

To: Thomas M. who wrote (41204)	6/22/2000 10:49:00 AM
From: Ilaine	Read Replies (2) \| Respond to of 42523

>>The oil price rise was due to supply/demand.<< This doesn't make sense, except in the context of oil supply being cut off, i.g., embargoed. Prior to the embargo gas prices were in the range of 30 cents a gallon. Gas prices shot up over $1 a gallon. No offense, but you aren't old enough to remember the oil embargoes. Those of us who do remember it as being a very hard time. Imagine what would happen to Joe Six Pack if gas all of a sudden shot up to $5 a gallon. People used to drive big, heavy cars that got very bad mileage back then, too, maybe 12 miles a gallon. Honda had just started importing Civics, and they were novelties, usually the local motorcycle dealer sold them. In Louisiana, the oil embargo was a good thing, the oil patch had boom times. It became economical again to produce oil from Louisiana oil fields.