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Strategies & Market Trends : Asia Forum
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To: Michael Sphar who wrote (9220)8/31/1999 4:01:00 PM
From: Bosco  Read Replies (1) of 9980
 
G'day all - hi Michael & Robert, I don't know much about oil, but I think [hope?] it will stabilize [down] but for different reasons.

I am speculating that there is a bit of stockpiling against the Y2K uncertainty. Additionally, regardless of the success of the present cartel to control the production, I think it is a matter of time when Libya, Iran and Iraq rejoin the production lineup in full swing.

Back to Stratfor's assertion, it would be good to see the evidence of its statement

But there are indications that growth in that region is just a temporary uptick, not a prolonged upswing.

i.e., what are the indications?

best, Bosco
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