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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: Chuck Williams who wrote (54700)4/22/2002 11:51:11 PM
From: Webster Groves  Read Replies (1) | Respond to of 99280
 
"We pay them for it, and they collude to keep the prices high."

Remove Arab oil from the world economy for the last 30 years, and kiss Western prosperity goodbye. Arab oil is cheap. It was cheap at the peak in 1973 and it's cheap now.

Let's do some comparison shopping between 1982 and 2002:

A loaf of bread....
A new car .........
4 years of college .....
A McDonald's hamburger ....
An F-16 ......
OIL

It should be clear that oil is a great value. Remember its price is set in London and NY, not Saudi Arabia.

-wg