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To: ru2 who wrote (39650)	12/29/2000 10:11:10 PM
From: Haim R. Branisteanu	Respond to of 42787

ru2, from all the places I mentioned comprising about 2/3 of the world population only Indonesia,Russia and Kazakhstan are real oil exporters. So the effect of lower oil prices are quite drastic for those countries and many in the US are quite unaware about the population living in cities in those parts of the world. I am not sure if many realize that a city like Bombay India has a population of around 18 million, with a quite established middle class, not to mention Delhi, or Shanghai etc. As an example, China purchasing power is $3800 per capita and growing 6% to 7% Electricity consumption is well over 1 trillion KWH GDP around $5 trillion India purchasing power is $1800 per capita and growing 5% to 6% (one of the lowest as the average is closer to $3000 in other countries in SE Asia) Electricity consumption is well over 500 billion KWH GDP around $2 trillion On the other hand, The US purchasing power is 33,900 per capita Electricity consumption is well over 3.6 trillion KWH GDP around $9,3 trillion One must aslo take into account that the US economy is growing at an awerage rate of 3.3% and the economies of those countries are growing at an average of 5.5% to 6% almost double of that of the US. It is obvious that the most beneficiaries of lower energy prices are those countries with lower income and more money will be left for consumer items, and mostly electic and electronic including computers and cell phones and other gadgets,if energy prices stay low. The rest is for you to deciffer <GGG> I rest my case <GGG> Haim