Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Sarmad Y. Hermiz who wrote (112107)	11/24/2000 9:40:25 PM
From: Victor Lazlo	Read Replies (2) \| Respond to of 164684

<<So an oil cut-off from Iraq will cause crude prices to climb higher for everyone. >> I would not assume that, and I am long energy stocks. <<Which will divert some spending away from consumer goods in the US. Maybe 20 or 30 $Billion. >> Where do you get those figures from? As a % of the avg American's energy budget, Iraq oil is likely a no-show. We import more energy in MBTUs from Canada than from any other country. Iraq oil output has an impact on crude futures for a couple of days, other than that, nada. So many people switched to nat gas heat in the 1970s and 1980s that oil heat consumption has been greatly reduced. And all the elec plant now are being built for nat gas generation. So measured in impact to the US GDP, the impact is a lot less than it was in the 1980s and 1970s. Iraq is not really important. Victor