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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: pezz who wrote (29748)	3/18/2003 1:48:17 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

Pezz, I'm not going to repeat this again. Sigh. Read it very carefully because you will miss it otherwise. The last 30 years isn't long in human history. That's not even long in my memory. 1974 saw a quadrupling in oil prices when the world was accustomed to cheap oil and oil was a big deal in the USA. That caused recession number 1. Then, in 1979, once again. Same again. Then, in 1991, a financial crunch thanks to speculative frenzy leading to 1987 and the fallout, but not due to oil prices [so you are wrong on that one, though oil prices had increased somewhat]. Then, there was the 1990s boom ending in Y2K, a little of the Y2K bust was because of the 1999 oil price rises as predicted by your amazing expert consultant [me], but it was mainly due to Biotelecosmictechdot.com speculative frenzy. Now, read that 5 times and perhaps write it down because I'm not going to repeat it. No, I didn't listen to your VP today. I was playing golf. But he's right that Iraq has a LOT of oil. It has quantities comparable to those of Saudi Arabia. You obviously are confused if you think I think that he wants [no need for the apostrophe there] higher oil prices. Okay, dinner time. That's your quota. You'll just have to figure out the rest for yourself. Good luck. Mqurice