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

To: TobagoJack who wrote (36994)	8/4/2003 7:53:23 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 74559

actually scary. i smell great risk and no practice with it.

To: TobagoJack who wrote (36994)	8/5/2003 3:55:12 AM
From: Maurice Winn	Respond to of 74559

Jay, being an old oil guy, the metal bashing industries make me drool. I can imagine a billion people bashing away, extruding, machining and otherwise wolfing down fuels and lubricants by the ton. <China is more or less on track of industrialized and developed nations, but in high-density compressed time-span and by double-quick accelerated pace, with huge mass, and thus high momentum. > Ah, the good old days. It seems only yesterday that oil was such a big deal. Now, I try to tell the offspring to oil their cars and computers and they look at me as though it's time for the rest home. Oil does not feature strongly in their lives. Latte, Pentiums and text messaging have replaced 4 on the floor and a spark advance. Cars go 10x of 1000s of kilometres on a fill of oil. In the good old days they'd leak as much as they used and the oil would be changed every 1000 miles. It took a LOT of oil to produced a ton of steel. Factories took a LOT of lubrication. While oil is still a part of the modern world, it has faded from consciousness. No longer does the mention of the word OPEC strike fear into politicians' or motorists' hearts. The share of GDP held by oil is a pathetic shadow of its pre-eminent past. In China, oil is still a big deal, but as you say, they have the momentum and the numbers and will swish straight past the currently advanced countries. But it won't involve a cloning and scaling up of the oily western way. It'll be the new world. Mqurice