CNBC discusses impact of rising oil : LUSENET : TimeBomb 2000 (Y2000) : One Thread

Squawk Box discussing todays continuing upward march in the price of oil talked about the following points:

Sucks (my phrase) for airlines, their second highest cost beside labor.

'Have you been to the pump lately? You can really start to feel it.'

This could really start to impact the economy.

There was no discussion as to the reason for the rising gas and futures prices, nor the lowering inventories during what is historically one of the lowest demand month's.

Any guesses as to the price that makes the capitalist pig squeel?

-- SQUID (, November 19, 1999


Surprised they bothered to mention it. Everything is fine though, right?

-- Mara (, November 19, 1999.

I get the impression that CNBC has a policy to avoid saying anything that could cause the public to become converned about y2k. There is no other logical explanation for the doubling of oil prices this year except y2k.

-- Danny (, November 19, 1999.

If you listen to Big Al Greedspin, there is NO INFLATION. However if you take into account the amount of oil we import, and the rise over the last year of the price, it's an extra 40 billion dollars in raw cost. That's a lot of shekels Al.

-- Gordon (, November 21, 1999.

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