Formerly About Advanced Micro Devices 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 : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: tejek who wrote (146420)	4/26/2002 10:06:13 AM
From: TimF	Read Replies (2) of 1579656

every time crude futures have spiked in the past year, or Iraq has threatened to stop their oil production or something else has threatened the world's oil supply, the Saudis have stepped up and said that they will make sure the world's oil supply remains stabile. Every single damn time, like clockwork. And you don't think they did that gratis, do you? No they make a lot of money doing it. 1 - If Iraq cuts back or production in other countries is disrupted and Saudi can take over some of their share, then Saudi can sell more oil without lowering prices. 2 - Saudi knows that if the price is allowed to go to high then demand will go down and not just in the short run. If the price stays up, or if the up and down price moves are too chaotic then people will find ways to conserve oil use, they will spend more on efficency, and they will look for non-oil energy sources and non mideast sources for oil. also 3 - We pulled their bacon out of the frying pan, and pulled Kuwait's out of the fire. Tim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next