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To: RetiredNow who wrote (68146)6/27/2005 7:00:48 PM
From: Lazarus_Long  Respond to of 77399
 
First of all, OH ****!
inflationdata.com
That $100/bbl oil suddenly looks more believeable!
northerntrust.com

Or is it?
virtualology.com

One says $90/bbl; the other says $40/bbl. Don't do this to me! I HATE long term inflation adjustments!

Actually, the peak seems to be $90 in 1980. Unless you've got charts to contradict those. :-)

it's going to eventually lead to a crash in demand along with a crash in the world economy.
IF you assume good price management by suppliers, you don't get that. It does them no goof good economically to destroy your economy. IF you're purpose is economic. If it's war....

Too bad Bush doesn't understand the correlation between high oil prices and a bad U.S. economy.
Bush inherited a bursting economic bubble. 911 was forced on him. Iraq was avoidable.