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To: Eylon who wrote (17710)	9/12/2000 4:56:17 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

i agree that other areas of the economy have grown considerably. however, so has oil consumption. thus, if oil prices were to rise significantly, oil's share of the economy would rise equally significantly. i didn't create the chart, but i think 1980 was chosen as a starting point BECAUSE it was a time when oil was at a secular inflation adjusted high and stocks were similarly at or near an inflation adjusted low of great significance. the whole point of the chart is to show that the other extreme of this cycle was reached last year when oil hit a secular low. the point is to show that we are possibly at another important inflection point.