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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (46409)6/8/2004 5:30:46 AM
From: IQBAL LATIF  Read Replies (1) of 50167
 
The real reason of oil price hikes..it is not the supply it is constraints imposed by the 'greens'..too much regulation stops free flow of oil..

<What has constrained this cheating thus far is not the artificial limits on production imposed by the cartel, but the physical constraints imposed by the oil world’s overstretched wells, pipes and refineries. The industry is trying to feed the fastest world economic growth for 20 years (according to Morgan Stanley) with the thinnest margin of spare capacity for 30 years. The problem is not a lack of reserves per se. Thanks to fancy technologies, new pockets of oil are being found all the time. But no one is investing in the means to exploit them. Low prices deterred investors in the 1990s, and the risk of invasions, insurgencies and other instabilities in the Middle East has put them off since...China and the United States in particular are awash with liquidity and thirsty for petroleum. According to the International Energy Agency, China now consumes 6m barrels of oil per day, 1m more than a year ago. America, which consumes about 20m barrels per day, > The Economist..

Companies dealing with oil appliances and recovery and construction of refineries can be a good bet for some little nest egg for retirement..
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