PEAK OIL - The New Y2K or The Beginning of the Real End? Message Board

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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End?

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To: Raymond Duray who wrote (171)	3/10/2005 8:57:19 PM
From: kryptonic6	Read Replies (1) of 1183

Thanks - that's the best (and most concise) explanation I've seen on the subject. "Saudi Aramco resorted to a familiar tactic: a price war. They flooded the world with oil and drove the world price of crude oil below the Soviet cost of production and transportation..." What I find most interesting is the role the Reagan/Bush White House played in coercing Saudi Arabia to lower prices with that goal specifically in mind. Jesse

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