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

To: Condor who wrote (19160)	9/28/2004 6:13:27 PM
From: Wyätt Gwyön	Respond to of 110194

that's pretty cool that at least the supplier gives him that option. my feeling is most consumers would be too confused. i think oil is going to $100 for good--it actually is for the "good" of the planet, because nothing but HIGH HIGH PRICES will cause people to reduce consumption and develop alternatives (probably too late to save TWAWKI, but you can always try :). US can easily handle this level as energy is now such a small part of GDP compared to the energy crisis days of early 80s/late 70s. however, there will be "perturbations" (RE crash in high-mileage bubble areas like SoCal?) and your mileage may vary :) at $100 oil, does the US decide it's time to make Saudi Arabia a "democracy"? that would require more manpower. if Bush wins and oil hits $100, i think a new draft is a lock. Efforts to Reduce U.S. Addiction To Oil Are Few With oil prices topping the $50-a-barrel mark, a long-simmering question is boiling up again: What is the world's biggest petroleum user, the U.S., going to do about its addiction? The answer, at least in the short term, appears to be: Not much. online.wsj.com