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

To: tejek who wrote (188958)	5/21/2004 6:16:22 AM
From: Road Walker	Read Replies (1) \| Respond to of 1576346

Ted, re: There is also the psychological factor The oil future traders say the terrorism premium is $5-$10 a barrel. FWIW. With oil becoming more precious, we almost don't need the fed fiddling with interest rates. The cost of oil will be a natural brake on an expanding economy. John

To: tejek who wrote (188958)	5/21/2004 1:45:18 PM
From: TimF	Read Replies (1) \| Respond to of 1576346

Unfortunately, it is not the only factor effecting the price of crude. That was pretty much what I saying. The reality is that global production is basically static while global economic growth is increasing. In at least the developed countries the amount of oil used per whatever unit or measure of economic output you wish to use has been going down. But the economy of the developed world has been growing faster then the efficiency of oil use has gone up, and the developing world probably has not yet had the same increase in oil use efficiency. Tim