Strictly: Drilling and oil-field services Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Big Dog who wrote (60294)	2/14/2000 8:55:00 PM
From: Tommaso	Read Replies (2) of 95453

Ever since the Gulf War, Kuwait and Saudi Arabia have considered themslves indebted to the US for stopping Saddam and have been willing to subsidize our ridiculously low gasoline prices. It may be that this moral (or military) authority persists, and that they will make a gesture of containing oil prices at some "reasonable" level--say $25. If I were their oil/propaganda ministers, I would be cooking up some mealy-mouthed excuses to retain the cuts in production, maybe claiming the (genuine) need to preserve this long-range resource for at least one more generation. From my own selfish point of view, I hope they don't make the stupid mistake of increasing production the way they did two years ago. The real solution for the United States would be to implement something on the order of the Manhattan Project or the Put-the-Man-on-the-moon project--an all out mobilization to create new sources of energy. If we are going to be dependent on others we ought to have to pay them what they ask.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next