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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Goldberry who wrote (8358)	12/16/2004 4:56:26 PM
From: Tommaso	Read Replies (1) \| Respond to of 11633

>>>Do you believe that the world economy can operate and be sustained with oil at $50.00 + without going in to recession?<<< I don't know. Do you? But best I can tell, $50 oil hasn't made any difference at all to energy consumption in the United States, and as we are often reminded, when adjusted for inflation it's chaeper than it was 20 years ago. So what I am betting on (literally, with my own money) is that energy prices are not going to decline much. By the way, when you say "According to that info the price of gas and therefore oil appears to track very closely to the average wage," that's not what I see in the chart at all. I see considerable variation over a 25-year period.

To: Goldberry who wrote (8358)	12/16/2004 8:58:38 PM
From: wherry	Read Replies (3) \| Respond to of 11633

If you believe Matt Simmons, it is going to have to. Looking even as little as five years ahead, the world economy (let alone North America) may have to be prepared to adapt to price levels significantly above that. I think that over the next generation (say 25 years), we are going to have to completely re-invent the way in which we live. How about the equivalent of $200 oil in that time frame? More? How does anyone know... There are a few stocks that would permit a person to put his money where his mouth is. Gives a new meaning to LTBH! Wherry.