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To: goldsnow who wrote (55128)	6/25/2000 1:02:00 PM
From: Ahda	Read Replies (1) \| Respond to of 116768

The oil issue is disastrous for us in my opinion. The centralization to reduce costs of numerous business is creating huge demand on oil. By warehousing in one vicinity producing in another, delivering cross the nation and world the demand on energy is enormous. Commodity prices have not risen substantially but the cost of food has. Super Markets have merged and one would assume this has reduced costs but you aren't seeing the profits, so my assumption is much of profit is eaten away by transportation as well as more costly location costs. In my opinion you are going to see continued inflation as size in corporate America becomes too vast and tight ships become rather flaccid ones. Losses are not little bumps but mountains that are going to be generated to the economy. Ironically by trying to control what appears to be inflation in the economy by interest rates you end up promoting it. In this particular era knowledge is coming fast and furious and laws are too so corporate America has far to much to deal with now never mind rates.

To: goldsnow who wrote (55128)	6/25/2000 1:41:00 PM
From: LLCF	Respond to of 116768

<To refresh your memory...> "So don't bet on this oil issue continuing into the summer. " ROFL.... Ron, I'm glad you didn't take that currency bet and leave the thread... you're invaluable! I'm about to reload my EURO position... what do you think about $ vs Euro here?? DAK

To: goldsnow who wrote (55128)	6/25/2000 7:53:00 PM
From: Hawkmoon	Respond to of 116768

Goldsnow... what was the price per barrel of oil back in March? What is the price of oil now? I rest my case.... We all knew that gas prices were going to at least $1.50/gallon or so. The question was whether the price of oil would continue to rise to above $35-40/barrel and stay there. It clearly has not. I thought that it would stay in a band between $25-30, which it has done, for the most part. Furthermore, Clinton essentially screwed up (again). He could have easily released 20-30 million barrels of oil from the SPR and eased our way through this summer until the increased OPEC production arrived via tanker in May. He opted not to take that measure and the fuel prices we currently see are primarily due to that failure. I hope that his tax-hiking understudy catches the well-deserve flak for that piece of political indecision. Also, neither you nor I could have foreseen the new gas formulation being an issue either. So I still stand by my prediction from that period.