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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Kerm Yerman who wrote (5302)	8/7/1998 12:53:00 PM
From: Doug	Read Replies (1) of 24922

Kerm /Oil Price: The key to the oil price lies with the Saudis. They could enter into long term forward two year contracts with the rest of the world's suppliers at a price of say $14 but with severe penalty clauses if they overproduced. They could then control their taps to stabilise the supply at a higher price. They would offload all their forward contracts at the higher price. Ofcourse that wont happen.!

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