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Post# of 704044
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langostino

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langostino

Re: Zeev Hed post# 224177

Monday, 03/29/2004 1:20:35 AM

Monday, March 29, 2004 1:20:35 AM

Post# of 704044
For the Chicken Littles on energy ....

Latest figures from BEA show Energy Goods and Services as Percentage of Total Consumer Spending remains below 5% ... well below where it was all through the 1990s bull market run.

Here are the historic ranges ....

1974 to 1986 -- 7.5% to 9.5%
1986 to 1993 -- 5.5% to 6.5%
1994 to 1998 -- 5.0% to 6.0%
1998 to present -- 4.0% to 5.5%
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