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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Henry Volquardsen who wrote (2782)	12/30/2000 12:27:31 AM
From: Hawkmoon	Read Replies (2) \| Respond to of 3536

Since we are therefore getting an ease from oil prices already less of a rate cut may be needed. Just a theory. Well, I certainly agree with you about oil prices equating to an additional economic brake similar to high interest rates. Both cut into profit margins and add operational costs. But don't bet on lower oil prices. OPEC is meeting in late January and it looks like the market is getting ready to freak out about another potential production cut, setting the stage for a repeat of last summer's oil crunch. One thing I believe the Bush administration is going to set as a high priority is to get this energy situation under control and increase US self-sufficiency. The US economy is constantly being held hostage to the whims of OPEC and the global energy markets. Imo, it's a national security issue and one of the few sectors of the economy that should be considered as a place where the government has a role in meddling, either through regulation and/or direct subsidization. Regards, Ron