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Strategies & Market Trends : Asia Forum

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To: Bosco who wrote (9219)	8/31/1999 2:38:00 AM
From: Michael Sphar	Read Replies (3) of 9980

A complex story for a non-Oriental person like myself to fully appreciate but fascinating none-the-less. My roots are 3 - 6 generations in country fully homogenized American. I don't think of myself as a Swiss/Irish descendant with American passport but rather a native Northern Californian with American passport. A perspective that only the grandchildren of today's ABCs will be fully able to share and only if they live at the North end of the San Andreas fault. On another subject: From the latest Stratfor discussing oil in general and Venezuela in particular, note references to Asia: But on March 1, the new Venezuelan oil minister, Ali Rodriguez, announced that his country would no longer compete for the U.S. market share it had lost to Saudi Arabia in 1998. With that announcement, and an upturn in Asian demand, prices began to recover. Crude oil was priced between US$18 and slightly more than US$21 on world markets August 30. Chavez must act quickly, though. Oil prices are leading off of expectations of renewed growth in Asia. But there are indications that growth in that region is just a temporary uptick, not a prolonged upswing. So, is Stratfor's perspective of an Asian uptick being temporary in sync with others views ?

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