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To: Cymeed who wrote (41498)	2/20/1999 7:23:00 PM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

Cymeed, >> I am wondering how long can the low energy price and low commodity price will last? << As long as the $ is strong. These imports like oil, copper, steel, etc... are not cheap in their local currencies. They are cheap in US $. If we were importing raw materials from a strong currency country such as Japan, or Europe, it would not be cheap. But Asian countries are desperate for cash. So they sell cheap. That is why imports from Canada and Mexico are very cheap. Their currencies have dropped relative to US $.

To: Cymeed who wrote (41498)	2/20/1999 7:35:00 PM
From: Rob S.	Respond to of 164684

It has surprised a lot of people by how long it has lasted. When Asia starts to grow modestly then consumption will increase and prices will rise. Also, the low prices have held back new exploration and development. That will effect supply in a year or two. I've heard some forecasts that say prices should move up toward the end of this year. Oil is at near the lowest price is has been in history when adjusted for inflation. Inflation adjusted it's lower than in the 60's when it hit ~20c a gallon. Now taxes amount to more than that per gallon.