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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Frank who wrote (8698)4/5/2002 9:52:33 PM
From: Raymond Duray  Read Replies (2) of 206131
 
Frank,

Re: We are entering a new world and the only thing we can be certain of is that it will be characterized by more uncertainty, violence and an unstable supply of oil.---

I completely disagree with you regarding the notion of an unstable supply of oil. The world's oil market is more diverse today than at any time in history. Should the MidEast supply be disrupted, there is every reason to believe that there would be no more than a temporary price spike, inasmuch as any successor regimes to those involved in any military operations and/or coups would necessarily need to recommence distribution of oil ASAP unless the regime wishes ongoing civil unrest. All of the oil producing countries of the MidEast are as dependent on the flow of oil as the West is.

Here's some interesting, somewhat unconventional views of our distorted and distorting relationship with the royal house of Saud:

cato.org
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