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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: Rolla Coasta who wrote (5529)	10/15/2000 4:26:17 PM
From: gregor	Read Replies (3) \| Respond to of 5676

Dear Q : Do not place too much importance on oil, in the modern economy. Coal started out fueling the industrial revolution, then to keep it going the shift to oil occurred; especially the automobile. Now the shift has taken us to the semiconductor. What the rail was to our economy 50 years ago the optical cable has taken it's place. Think of all the millions of letters, files, contracts, orders that now take place, that are now done by paper, or in person. As a percentage of GDP, oil will become less and less important, less a percentage of our incomes. Saudi Arabia ,with it's current reserves, can supply the whole world for 70 years at current rates of consumption, just this one country alone, and without finding another barrel nor spending any money on exploration. The world is awash in oil right now. 50 years from now . Who knows. The so called shortages are contrived. As far as the Arabs and Jews are concerned they have been fighting for 4000 years. Go back to Ishmael and Jacob. It is only in the modern era when the Arabs have found out that they have been sitting on the wealth of oil all along that it seemingly for once in history seems that the birthright is being taken back by the Arabs. Are not the Palestinians , arabic? With the oil money that the Arabs now have why are the Palestinians having to struggle as they do for a birthright to a land. The answer is that Arab world has no use for them, and the free world gets the blame for not supporting them. So my point to summarize is that do not worry so much about the importance of these events in deciding how or where to invest your money; it's when they would eventually make peace that the world should start to worry ..........Gregor