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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (55248)	6/25/2000 5:10:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 99985

Zeev, there is no question that oil prices will not go to the moon as other alternative energy sources will substitute oil. For example nuclear energy now is much more cheaper to produce and maintain than it was 15 years ago. Best example is France where most electricity is generated by nuclear power, well maintained and few know it even exists. In the US the safety craze and oil interest were an obstacle to expanding of modern nuclear power. If Bush is elected I am not sure a proper energy policy will follow but may be that some thing will happen sooner than later. All that said oil is priced right around $30 a barrel if accounting for inflation and dollar overvaluation. BWDIK Haim

To: Zeev Hed who wrote (55248)	6/26/2000 10:34:00 AM
From: James Strauss	Read Replies (1) \| Respond to of 99985

Slick Theories... ******************* He says: "On the supply side it is easy to find oil and produce it, and on the demand side there are so many new technologies, especially when it comes to automobiles." Yamani believes that automobile engine technologies including fuel cells - which can produce electricity by combining hydrogen from a variety of fuels with oxygen from the air - will drastically reduce oil consumption and that, in the longer term, no one will need oil. Zeev: I'll have whatever he's smoking... : > While I agree that the technology is there to eventually replace gasoline, the economic powers to be (oil and auto companies) are not about to kill the golden goose just yet... Imagine what it would cost to re-tool all those automobile engine assembly lines... The oil companies would have to convert their product to hair tonic... : > While I'm 100% for alternative fuel sources, I also understand the real world barriers to getting those energy bundles to market... A very nice pop in the NDX this morning... bigcharts.com Both Short term Williams %R and Stochastics are strong... Jim