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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts
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To: arno who wrote (53545)9/22/2000 8:52:34 PM
From: Lost1  Read Replies (1) of 63513
 
Agreed on the OIL issue. IT takes years to go from hole in the ground to full scale operation. When times are good we have lots of money thrown at exploration..when oil is cheap it doesn't make good biz sense for these companies to produce at a loss. The problem comes when no one has the foresight to plan ahead. We're not talking about wheat..when the cash dries up by way of low prices the drillers pretty much shut down and lay off everyone

I know this won't be a popular point, but the US gov would serve it's citizens much better if it were to subsidize producers and all the little guys and niches it takes to get the job done..from seismic companies to pipe suppliers to refineries. We do it with tobacco and to a certain extent with farms...it makes much more sense to do it with petroleum than tobacco IMO. No one wants a prison in their back yard either, but the alternative is not available now that Australia is a sovereign nation<g>
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