Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Taikun who wrote (67218)	8/11/2005 3:28:27 AM
From: elmatador	Read Replies (2) \| Respond to of 74559

"oil could be ten times $75, or $750" Cannot. There's a certain price which make more atractive other sources. They will kick in and oil price won't go beyond that. Very simplistically: Oil USD75? Low income people start curtailing travel, selling bigger and buying smaller cars. People will look to thermostats and amek sure they will not heat for nothig. A few companies start feeling the pinch harder than other: airlines and aluminum, cement, transportation companies... The price where it goes beyond, I believe, is USD100 USD120 per barrel. At this level, governments start pursuing some alternatives or programs to curtail oil consumption. It can reach USD100 USD120 soon when the Iran nuclear program have to be dealt with.