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Re: Fred Kadiddlehopper post# 78387

Tuesday, 09/16/2008 8:39:57 PM

Tuesday, September 16, 2008 8:39:57 PM

Post# of 107353
FK, thank you for the rebuttle.

However, I did not find it convincing in light of the fact that oil is down from $147 to approx $90 today. And it may go lower, as we all realize.

Fewer dollars per barrel means fewer dollars to pay for products and services. Look at it as fewer dollars chasing a given number of P&S providers in any industry. Prices come down due to competition for the fewer dollars.

Of course there will be a certain area that will support prices (an equilibrium) and I think we shall see it.

Of course the value of my argument is lessened and perhaps negated if oil once again uptrends to its former highs.

Again, thank you for the conversation.

AIMMHO.

Trueheart
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