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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: John Curtis who wrote (19720)5/15/2000 11:06:00 AM
From: Zeev Hed  Read Replies (1) of 27311
 
John, I don't think that an oil crisis is imminent. The Saudi know that if crude stays above about $33 for too long, a gusher of alternatives become cost effective, including GTL and of course all those Canadian tar sand ( the Canadian tar sands are profitable to extract at $30/barrel and some say even less). They don't want these resources to be put on line to compete with their $2 or less cost crude, IMHO.

Zeev
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