At 02:41 PM 5/30/01 +1000 Russell Chapman wrote:
>My question is how has this *suddenly* happenned? There have been no major
changes
>in industrial output or climatic changes...
No major changes in industrial output? Have you been missing the biggest
economic news of the past three years?
America's GDP has absolutely taken off for the past three years. That
took more power. Then, we took all that income from increased GDP and
spent it on SUV's. That took more oil. Supply didn't catch up to demand
fast enough (thanks in part to government regulation) and Voila! higher
prices!
JDG - Who thinks that higher prices are a good thing - which oddly, so does
Al Gore. Frightening, huh?
__________________________________________________________
John D. Giorgis - [EMAIL PROTECTED] - ICQ #3527685
"The point of living in a Republic after all, is that we do not live by
majority rule. We live by laws and a variety of institutions designed
to check each other." -Andrew Sullivan 01/29/01
