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To: Think4Yourself who wrote (73997)	9/20/2000 5:40:18 PM
From: Tomas	Respond to of 95453

Cereal killing - The Guardian (UK), September 20 To those who believe that power ultimately rests with those who control the world food supply rather than the oil, there is interesting new research from the University of Tokyo. In a paper presented at the University of Leicester this week about changes in crop patterns due to climate change, it became clear that Canada and Russia would benefit hugely when the carbon dioxide in the atmosphere doubles - as it will later this century. The US will lose much of the wheat growing potential which makes it currently the world's biggest producer and exporter. So the Communist dream of Russia dominating the world . . . On the same point, the Worldwatch Institute says a bushel of wheat (36.4 litres) and a barrel of oil used to cost the same until the 1973 oil crisis. The US used to export its grain surplus in exchange for oil to 11 Opec countries roughly on a barter basis - one for one. Gradually, the balance shifted in oil's favour and with the current hike in price the ratio is 10 bushels of wheat to one barrel of oil. This is hurting the US trade balance and, with the Americans importing more oil than ever (57%), leaving them even more vulnerable to Opec. How long before the message sinks in - invest in alternative energies. Paul Brown

To: Think4Yourself who wrote (73997)	9/20/2000 5:52:34 PM
From: isopatch	Read Replies (1) \| Respond to of 95453

Great! Gore's gonna give an energy speech. Just what the oil and gas stocks need at this point, lol. The prospect of more government boondoggling. If it plays out my expectations maybe we'll eventually be calling him, "Son of Tony Blair." Looks like this is the news the market's been discounting with the decline of the past few days. Should be "interesting" to see how the stocks respond to the speech. If we're lucky, it might give us a ST low to trade on. Isopatch

To: Think4Yourself who wrote (73997)	9/20/2000 6:12:18 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 95453

<<``Profits of the big oil companies have skyrocketed just at the time when the American people have been paying these gigantic price increases>> What nonsense. His own BLS' CPI stats show "conclusively" that energy prices are falling!!<GGG>