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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: J.E.Currie who wrote (68986)	5/9/2001 8:07:14 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 116759

J.E., RE:"I to have been scrambling to add the AU stocks to my watch list. What has really had me thinking about AU these last few days with all the $3.00 gas talk is the action of AU back in 73 or 74 when we had our first gas crisis." Energy is definitely part of the equation. If and when gas heads upwards of $3, and I think it will, screams of inflation will begin. Somewhat stagflationary as people struggle to maintain their lifestyle by shelling out more and more of their paycheck to fill ole betsy up and less on other things. AG won't be able to hike. OPEC has us right where it wants us with no extra supply in sight...driving gas guzzling SUVs into the sunset while either heading long distances for work or vacation. The key is whether higher energy costs will be sustainable... Seems so and seems it's time to pay the piper for years of energy mismanagement again. Not to mention the 50 odd million more people we have in this country over the last 20 years. Of course the oil companies will be the scapegoats. The politicians won't blame the people because they want the votes. The people will blame the politicians too but they will pass it off by setting up a few more investigations of the oil companies. Meanwhile, nothing will get done about supply or conservation until it's forced on the people economically... So expect plenty of lag time for energy costs to really get a move on. Jim