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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: quehubo who wrote (8726)	4/7/2002 8:34:35 PM
From: Raymond Duray	Respond to of 206133

quehubo, Re: Who needs an Embargo with WTI in the high $20's relative to OPEC's price band. I detect a hint of sarcasm, as if to say that we're being held up by the Middle East thieves with this high price. Am I reading you right? If so, then I'm terribly <wink> disappointed that your perspective seems more hysterical than historical. Adjusting for inflation, WTI was trading for $60/bbl in 1981, and we may have been uncomfortably in recession, but it sure wasn't a crisis. And upper $20's per barrel is no real problem today. Except to those few who bravely stall out in traffic jams in their EarthRaper(TM) SUVs. -Ray