Foreign Affairs Discussion Group Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Foreign Affairs Discussion Group

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: carranza2 who wrote (23680)	4/6/2002 10:57:41 AM
From: DrGrabow	Read Replies (2) of 281500

Once the Russian oil industry builds up its production, we will see the influence of Middle Eastern producers like the Saudis wane. Couldn't agree with you more. Oil production in Russia will change the political landscape worldwide specifically in the Middle East. Russia did enter into an agreement with OPEC about reducing their output until June of this year. Once that 'agreement' is passed I expect Russia to crank up the oil machine in order to modernize their infrastructure. After weeks of arm-twisting, the non-OPEC total came up short with only 462,500 barrels per day (500,000 was the goal). rferl.org Russia and OPEC: Aiming for higher stakes By Mayra Rodriguez Valladares 06-03-02 "Russia's cooperation is crucial for a stable oil market... [We] hope Russia and other non-OPEC producers will continue to cooperate." United Arab Emirates Minister for Petroleum and Mineral Resources Obeid bin Saif Al Nasiri made this subtle plea on February 19 at the recent International Symposium on Energy Development in the Gulf. gasandoil.com I'm sure the Saudi monarchy is eyeing Russia in that their increased oil production will eventually bring about their downfall thereby installing a fundamentalist government. Economics brings about revolutions?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next