An article by Robina Gibb in the 13 Nov. Forbes entitled "$10 Oil" discussed an interview with Shiek Ahmed Yamani, who is now chairman of the "Centre for Global Energy Studies" in London. He sees the price of oil falling from $34 to $10 by the end of next year: "I would be happy if I was wrong, but I know, sure as a-b-c that it's coming." He also said, "Right now there's a huge amount of oil in transit heading for the market. If OPEC does not cut its production in 2001, prices will drop to the $10 level, Yamani says.
The wild card is Saddam Hussein. Yamani says, "I know the man very well. He [could] commit suicide by stopping exports. Oil would jump to $50-$60. But he would lose his source of income, benefit his enemies, Saudi Arabia and Kuwait, who would make a fortune a nd hurt his friends, the French and Chinese. But he would annoy the Americans."
Would that scenario means SFY heads to single digits again? Don't want to think about it.
OT Stuff From WSJ Today
<<Earlier in the day, Republicans contended that Palm Beach County Commissioner Carol Roberts poked, twisted and manipulated ballots during a Saturday hand recount of ballots from four precincts. They asked her to step down from the election canvassing board.
She responded that she had been "fair and impartial" and rejected the Republican demand to recuse herself. "As a member of this board, I have been and continue to be fair," she said.>>
These are just some of the problems of manual recounts.
Regards,
Larry |
