produced the best economy of the 20ieth century. Oil shot up in the waning year of the Clinton Presidency to $28+ per barrel and the economy faltered. Oil stayed at these highs and the economy tanked. Oil is now $26 dollars per gallon and the economy is sputtering along, hmm coincidink? Or is it the software? interesting is that money capture by oil and gas spending due to high prices is almost the same figure that went into the stock market via 401k's. Stocks down. Name one industry except the software internet business that is NOT affected by the price of oil/gas. Not much I guess.
thanx,
bill