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To: patron_anejo_por_favor who wrote (95852)4/18/2001 3:07:13 PM
From: edamo  Read Replies (2) | Respond to of 436258
 
patron....asean (malaysia, indonesia) oil typically doesn't flow to north america....really no super tankers sailing the pacific......most of the supertankers ply the gulf route...and unless things have changed over the past month, transport is readily available to the european continent and north america...

with global capacity available both in production and refining a crisis can be averted.....there was no energy crisis when most of the global economy was at full tilt a few years back.....

this is not to say that we won't see a brief recession, but it won't be caused by lack of energy supply, but more of attempts to regulate energy, ala california......

rate cuts will eventually help....they always have...what is harmful is when a pseudo government agency attempts to fine tune a real economy based on econometric models and stale government statistics.....this creates an overshooting in both directions...

good luck

ed a.