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Jagman

08/30/05 4:18 PM

#587 RE: beigledog #585

starboy

08/30/05 4:20 PM

#589 RE: beigledog #585

Yes, that was part of the article yesterday.

"Energy prices have also become a problem in China, where fuel prices are heavily subsidized. Last week, the government dispatched extra plice to Guangzhou after service stations ran short of gas and motorists were forced to endure lengthy waits and rationing" Source: LA Times, 8.29.05 Business section, page C5

So, OT:Posted by: starboy
In reply to: starboy who wrote msg# 583 Date:8/30/2005 4:07:11 PM
Post #of 584

Also, if you are in the 'larger' markets. Don't be waitin' around too long if the stock you are holding isn't in a 'needed' category.

This oil/gas situation could very easily become a fireball situation globally. Read a very informative article in the L.A. Times biz section yesterday. The economies of some Asian countries who MUST import oil are already feeling the effects. And when the American consumer starts to tighten up, look out below for a good while.

Some of those countries have tried subsidizing gas costs but it cost them BILLIONS to do it and they are having to back off. Forewarned is forearmed.