>Hi Don, I read that this jump in oil prices was due to
>seasonal demand and the fact that we are down to just a
>handful of suppliers. I'm a little suspicious at this point
>and think you are partially right about political
>manipulations. The government seems to think it can
>manipulate the economy and i'm convinced it is tampering with the
>CPI (consumer price index) to control public opinion.
The CPI has been the target of manipulations from the beginning in the
early seventies. During the Raygun years, manipulation was taken to new
highs. Now it has become another tool to manipulate the electorate. Look
at the history and each item and its weight.
>If this is just a seasonal cycle then it may not
>have a big impact on inflation or the economy. If it isn't
>purely seasonal then we will see inflation begin soon. All
>our inflation measures are tied to energy. Even things like
>copper and eggs are produced using large amounts of energy.
If it is seasonal then what is the price of heating oil? I know demand is
down because of a warm winter but prices there are also low.
Our entire economy, culture, etc is based almost entirely on cheap
oil. Any disruptions there, and sever price hikes will affect us all much
like the now almost forgotten hikes of the seventies, well over 20 years ago.
Don Bowen [EMAIL PROTECTED]
Valley Center, CA Senior Software Engineer
Contract software engineering
http://members.cts.com/crash/d/donb
http://www.oldengine.org/members/ihc14
http://www.oldengine.org/members/ferguson/
