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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: tuck who wrote (7313)	12/23/2000 12:53:11 PM
From: RockyBalboa	Respond to of 19428

I don't know whether you got it right. I think we have seen the bubble in fossile energy, like natgas or crude. With the economy in real bear mode, the high oil price was not sustainable....and I believe it will return to the $15 to 18 where it belongs. The resultof the bubble was the spike in "alternative" energy stocks.... plug h fuel power cells of any kind... Not too long time back, the Oil was under 10, ... but then the sea change in US domestic politics (tax cuts instead of rate cuts) still could have some adverse effect - poison for the corporates, ironically...increasing inflationary pressures and eating into profit margins especially on leveraged co's. ... (like we have it here in Europe some years ago: one can easily cut corporate tax rates when the earnings are smallish or decreasing - and sell it as a political "success"). the middle east will find out that a too high oil prices could still dampen the economies too much, and that does not maximise their revenues nor gross profits...