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To: Bretsky who wrote (4739)2/9/1999 5:22:00 PM
From: Chuzzlewit  Read Replies (1) | Respond to of 41369
 
Actually, low oil prices is a two-edged sword. Cost of transportation and manufacturing petrochemicals goes down, which is good for consumers, but countries like Mexico, Russia, and Venezuela depend on oil exports to the developed world, which allows the oil exporters to pay for imported US goods. If Iraq starts exporting oil the price could go much lower.

CTC