SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Biotech Jim who wrote (56928)12/15/1999 10:21:00 AM
From: diana g  Read Replies (1) of 95453
 
irt STRATFOR statement

I read STRATFOR's email every morning, and think well of them generally, but in this case I believe they've fallen into the trap of seeing the OPEC member countries as greedy half-wits. This view, which we see expressed over and over in the media (until it seems to many that it almost must be true because it's so commonplace) holds that higher oil prices are irresistible to those poor dim oil producers. They will doubtless abandon their agreements and open the taps to get a few extra dollars in the short term. Like small children who cannot see past what they want Right Now.

This interpretation of the producers is comically overly simplistic and inaccurate. imho. They have, as individual nations, ALWAYS acted in what they perceived to be their own best interests. (Not unusual, that. <G>)
---Often, in past years, it has been in individual countries' best interests to say one thing and do another irt quotas, etc. But they are not necessarily going to act the same under different circumstances.
---Circumstances Now are quite different.
At this point in time, it is clear to anyone paying attention that it is in the producers' individual and collective best interest to maintain unity; The producers acting together and maintaining cohesion is the reasonable assumption now and for some time to come.
---Thinking that they can't act in their own best interest, but will break down in their resolve because of the lure of a few quick bucks is not reasonable. imho.

regards,
diana
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News