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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (184622)	3/17/2004 6:13:27 PM
From: TimF	Read Replies (1) \| Respond to of 1574002

re: The anticipation will keep the spike from being a s dramatic because oil prices will go up in advance. Define a spike. Is it 50% a year for 5 years? 30%? At the current ~$35 a barrel, where does that put us? If I could figure out the future prices of commodities so well I'd be making a fortune on futures contracts. All that can resonably be said is very general comments like the one you quoted. If supply is known to be tightening that will put upwards pressure on the price before the supply actually tightens. The sharper shorter term swings in prices come from unexpected events, not from general knowledge about the long term trends in supply and demand for oil. No, it won't. The recession/depression will take care of the demand side. That's certainly a possibility. Also all sorts of conservation and alternate energy efforts will go in to effect with higher energy prices. Tim