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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Umunhum who wrote (10657)	3/22/2004 2:17:01 PM
From: CommanderCricket	Read Replies (2) \| Respond to of 110194

<The price of oil is high - VERY HIGH> It's only high if you want to trade USD's for oil. For holders of Yen, Yuan and Euro's - this is non event. Michael

To: Umunhum who wrote (10657)	3/23/2004 9:40:08 AM
From: Little Joe	Read Replies (3) \| Respond to of 110194

I agree that price of oil is likely to go higher, but, inflation adjusted, terms oil is still relatively cheap, or so some of the analysis I have read claims. This makes the situation even more bullish, because all that is necessary for good profits is for oil to catch up to inflation. Anything more is a plus. I don't know the exact historic high, but I think we are close now. Given that was 20 to 30 years ago. I suspect oil would have to reach $60.00 per barrell before it matched historic highs in inflation adjusted dollars. Little joe