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To: Bucky Katt who wrote (37716)	5/30/2008 8:19:05 AM
From: joseffy	Respond to of 48461

The International Energy Agency, an adviser to mostly western, industrialized nations, said high prices are cutting demand for oil and petroleum products in the U.S. and Europe. The IEA cut its global oil demand growth forecast for this year to 1.2 percent from 1.5 percent. In the U.S., the IEA said demand for oil may contract by as much as 2.1 percent this year, while demand for gasoline will drop by about 1 percent. news.moneycentral.msn.com "shorting crude and long the US dollar."

To: Bucky Katt who wrote (37716)	5/30/2008 9:31:51 AM
From: wyllisx2	Read Replies (1) \| Respond to of 48461

I don't think the rest of the world will allow us to go into a depression, for now anyway. But my outlook is that China will now be concentrating on building China & not needing to export as much to us or the rest of the world. They don't need as many dollars or euros to fuel their own growth. Their economy is becoming self sufficient. this is partially based on having a co-worker who travels there regularly & reports back to me. It's not just China either, India is growing rapidly fueled by greenbacks & euros too. Overall it's not just the West running the show anymore. How to play it is another question.