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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (25306)1/10/2003 6:56:48 PM
From: Art Bechhoefer  Read Replies (1) | Respond to of 36161
 
During the 70s, oil prices were artificially inflated by OPEC, creating higher expenses that curtailed economic growth. Now oil prices are actually much lower than in the 70's, adjusted for inflation. This makes me wonder whether the short term increases we are seeing in oil and gas prices will (1) put a damper on economic recovery and (2) make short term investments in oil and natural gas producers a sensible hedge on other stocks, such as technology, retail, etc. Meanwhile, it now looks like the safest and best short term investment is gold or gold shares.

Art



To: Canuck Dave who wrote (25306)1/11/2003 5:38:26 PM
From: t4texas  Respond to of 36161
 
amazing how you got yourself so misinformed on the usa in the 70s and 80s. here is a hint: volcker . i will even supply a link of a volcker interview where you can read his own words on what it was like.

pbs.org


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