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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Rob Shilling who wrote (6578)2/9/2002 7:21:58 PM
From: excardog  Read Replies (1) of 206184
 
Hi Rob any thoughts on OPEC member Venezuela whom appears at least to me to be on the verge of some sort of collapse or at least a change in ruling parties.

I noticed Fitch downgraded them Thursday:http://biz.yahoo.com/bw/020207/70397_1.html

I assume most of their revenue is generated from exported oil?

Point I'm driving at is Venezuela may be forced to increase production. Read somewhere that they may have a pile of oil ready to be exported.

Tricky stuff trying to support a price band and bankrupting your country at the same time.

Lots of different ways to look at things I guess.

Scott
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