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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: t2 who wrote (42074)3/20/2002 12:14:51 AM
From: ajtj99  Read Replies (1) of 99280
 
NV, when the economy recovers, energy prices go up. That's normal.

Presidents Ford and Carter said they wanted to be free of dependence on foreign oil. That's all just for local consumption. Our policy is to suck up everyones oil and conserve ours for the end play when we need it. It's too expensive to get it out of our reserves, so why do it when prices are so low?

With China, Russia, Uzbekistan, Turkministan, Azerbaijan, and others in the oil biz, the Middle Eastern oil will slowly become less of a global force, with the exception of the Saudis, who can wreck the market by turning up the spigot.
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