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: upanddown who wrote (60124)2/10/2000 10:28:00 PM
From: Fun-da-Mental#1  Read Replies (1) of 95453
 
One factor in the low oil price a year ago that I never hear mentioned is the fact that the governments of Indonesia, Venezuela, and Russia must have been desperate to sell as much oil as possible to bail themselves out of their financial crises. These countries were widely accused of dumping at the time, but the point I have never heard made is that this was a one-time thing caused by their situation then. It's like if you're starving, you'll sell your house for a loaf of bread. You know it's not in your interest in the long run, but you do it anyway. That's why there was the danger of five dollar oil. What do you guys think, am I out to lunch on this one or what?

Fun-da-Mental
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