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Strategies & Market Trends : Strictly: Drilling II
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To: SliderOnTheBlack who wrote (26999)1/31/2003 11:27:44 AM
From: kingfisher  Read Replies (4) of 36161
 
Oil prices.
The predominant opinion is suggesting oil prices will collapse soon after a U.S.invasion of Iraq.
The futures are pointing to that and have seen many postings calling for $15 oil etc...
Some even suggest oil will fall in order to get Bush re-elected.
I have been adding to my favourites everytime such posts crop up.
Been buying Baytex,Tappit,Real Resources,Gentry,Cavell,Rocky Mountain.
Small Canadian explorers with growth potential.
I am of the opinion that when stories get out of significant civilian casualties in Iraq,little kids torn apart by U.S smart bombs the Muslim world will explode in rage.
Opec may be promising to supply the world with crude in the event of supply disruptions in Iraq but their respective populations may have different ideas.
I predict oil workers in Saudi Arabia,Kuwait,Nigeria etc..will strike and refuse to load tankers and maintain equipment.
The world will be shocked at how high oil will rise and stay high for months.
This is a peacefull way for mostly powerless people to strike back against a country so dependent on energy and so intent on stealing this critical resource.
And if Muslim oil workers do not strike in protest then they deserve being mere slaves for George Bush.
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