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Strategies & Market Trends : Value Investing
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To: Archie Meeties who wrote (9855)2/2/2000 8:15:00 PM
From: Madharry  Read Replies (2) of 78560
 
FYI a friend of mine who works in the oil business and is very bright gave me a two minute tutorial on the economics of oil. Oil prices are almost totally determined by the low cost producers which are the Non-americans. Therefore oil companies are always in a quandary about how much they want to spend developing resources as it is so difficult to predict the price of oil in the near term. Hard to make investments if one is standing in qucksand.
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