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To: JGoren who wrote (19068)	12/3/1998 2:31:00 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 152472

JGoren, there was a telecommunications free trade agreement of some sort signed a while ago and I'm sure you are right that the Europeans are not in a position to introduce restrictive trade practices without retaliatory action by the USA which would be so severe as to make it not worth their while. Not that I'm in favour of retaliation. If Europeans don't buy cdmaOne, then the USA might as well keep buying Ericy equipment if it is better and cheaper. The loss is for the Europeans. They will have to live at a lower standard of living to subsidize inefficient telecommunications. Which is why people like to go and live in the USA = they prefer not to subsidize inefficient and low quality products. The standard beer head, banana bend, diesel wax and GSM of Europe just doesn't do it for them. It's why there has been huge emigration from Europe to the USA, other than from good places like Switzerland. But look! Wow, gee and heck, oil is down a BIG chunk. Suddenly and now at a world record all time cheapest ever low. In yen, it is super-duper-so-cheap that Japan is losing their economic problems faster than Clinton can get his zip up. In 1986, oil was for a short time at US$9 per barrel. At that time, the yen was around 250 yen to the dollar. Now, with the yen at 120 yen to the dollar, Japan is looking at the cheapest oil there has ever been anywhere. Since they produce big heaps of steel, fly lots of aeroplanes, build lots of other steel and aluminium things, billions of aluminium cans, trillions of plastics things, burn lots of gasoline, diesel and fuel oils, they have got a very huge boost to their economy. A massive, huge and enormous transfer of wealth from the sheiks of Arabia to the hard working, honest, reputable, civilized and friendly Japanese, who deserve to be wealthy after 50 years of concentrated effort. Oil was US$20 just a year or two ago. It is now less than half price. Wow! And this is not a temporary spike down because the cost of production is much lower than that and production restrictions are maintained by OPEC to try to hold prices up. Don't rush out and buy oil fields in the North Sea or Alaska thinking that this is the bottom and it's time to load up a bargain. It could get a lot cheaper yet! 12/1/98 Arab Light $7.83, Brent $9.68. Wow! This is great. Plan on taking an overseas trip in a cheap Boeing plane, using cheap Jet A1. To a cheap holiday resort in Thailand or Indonesia. Use the profits from QUALCOMM which will be gushing in as the wealthy, flush and electronical Japanese go mad on cdmaOne and buy handsets by the tens of millions. Also, the USA does okay from cheap oil too, so they'll be buying cdmaOne handsets and hurling analog sets out the windows on the freeways. The amazing thing is that people will think the oil price dropping is bad news. Sure it is for Exxon, BP Oil, Shell and Texaco [my old employer in Ottawa back in 1975 - 77], but for other stocks, which don't depend on those companies, it is all good news. Trucking companies will buy Wireless Business Solutions [nee Omnitracs] and drive gleefully on cheap diesel. They'll buy cdmaOne handsets by the million. But no doubt, the stock markets will temporarily fall on the 'bad news' until the inexorable profits start gushing down to the bottom line. This is great! eia.doe.gov And don't forget food prices going down as production increases due to all the CO2 in the atmosphere. Plants just love CO2. That is what they have for dinner. It's like Americans going to a smorgasbord! Big tummies result. Life's a giggle. Mqurice