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

To: gregor who wrote (5530)	10/15/2000 10:05:52 PM
From: Rolla Coasta	Read Replies (1) \| Respond to of 5676

Dear gregor, oh oil ... we still need oil for transportation. Depending on outside source like Saudi Arabia is too risky for the US. What bothers me is some foreign nations are using American military power to protect them for existence of their states or whatever and force their opponents into non-existence or whatever... Eventually, the foreign political turmoil will get to American politics and our economy, because foreigners want to get to the front office of our big big government. If that is the case, we could see some serious problems down the road ahead. We need some localized governments like Bush suggests and tap our oil reserve for the sake of our economy. Peace is easier said than done. Let's face the reality. Q

To: gregor who wrote (5530)	10/19/2000 2:32:24 PM
From: yard_man	Read Replies (1) \| Respond to of 5676

Energy is in almost everything you buy, Gregor. The increase in price is not insignificant. It may be true that a large part of our energy needs still come from coal, but coal doesn't transport everything -- oil does. In addition there is much energy now that is dependent on the price of natural gas which has almost doubled from a couple of years ago. Energy is still a primary or very large secondary input to almost everything that is manufactured in our country -- you can't expect profits to not be hurt from such rapid rises in costs. Put that together with the high degree of leverage used by corporations alone and you have a prescription for a hard landing unless the energy prices ease right now ... I am a little bit familiar with via my job, at least, what the first wave of these changes in energy costs can and will do to some very large companies locally. The picture is not a good one unless prices ease right now ...

To: gregor who wrote (5530)	10/19/2000 3:05:19 PM
From: yard_man	Read Replies (1) \| Respond to of 5676

Another tidbit, gregor. msnbc.com >> Americans are using more oil than ever. Instead of importing a third of the nation's oil needs, as it did during the 1973 oil crisis, the nation now imports more than half of the amount. If the trend continues, the Energy Department says that by 2020 two-thirds of the nation's oil will be imported. << And --> >>And the shift from manufacturing to "the New Economy" has provided no panacea as energy gobbling computers and other devices became household appliances and huge, energy hungry "server farms" sprouted to power the Internet. <<