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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: CommanderCricket who wrote (34623)	8/21/2004 9:32:53 AM
From: Frank	Respond to of 206097

CC -- I have seen that research as well. Wild cards this time though --(a) role of China, India and Pacific Rim nations where demographic bulge is of increasing significance, (b) erosion of dollar impacts U.S. more than other nations and (c) depletion - the factor we all acknowledge but rarely see mentioned on CNBC . The basic point makes sense , however, oil, NG and electricity are not merely commodities but necessities of modern ( and modernizing) life -Frank

To: CommanderCricket who wrote (34623)	8/21/2004 2:14:39 PM
From: Sweet Ol	Read Replies (2) \| Respond to of 206097

Commander, I agree with your assessment of the situation regarding recession. I bought a great big '73 Plymouth Station Wagon (the SUV of those days) just before gasoline went through the roof. It got 10 mpg on good days. But, I kept it for 9 years because it was cheaper to buy fuel than to buy an more economical car. We tried to use my '69 VW as much as possible however. The point is that it takes a long time to reduce energy consumption even after we become acutely aware of the problem. I don't see anything different today. As BearCat said, it is truly a conundrum. The only answer I have is to invest smart so that I can survive the troubled times that are coming. I don't see a global solution. But, I don't even have 20/20 hindsight and no foresight<ggg>. Best to all, JRH

To: CommanderCricket who wrote (34623)	8/22/2004 3:02:05 PM
From: edward miller	Respond to of 206097

This has been posted somewhere in the last year but I am not going to try to find a reference since it is old history at this point - in most recessions the demand GROWTH for energy slows, but demand is actually up. The exception was in '80-'81 when the public finally converted to better energy efficiency. My recollection was that in the early '70s people kept there cars and paid dearly for their gasoline. The only real change came when people finally dumped their cars for more efficient vehicles, and it takes a long time before enough of the public makes that change to pull down the energy usage. For me, that experience was during my early adult years when money was difficult. Ed