Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Spheres who wrote (63858)	5/15/2005 5:27:37 PM
From: Maurice Winn	Read Replies (2) of 74559

Priced in gold, a popular measure, oil is still too expensive. The best way to see whether the price of something is too high is to see what the competitors are doing. They are booming. That means oil's market share will dwindle. That won't suit Saudi Arabia, Russia, or a lot of other places. They will cut their prices to get their business back. Their production costs are something like $1 a barrel so they can cut a longggggg way. Yes, I'm a has-been oil guy [in market strategy, alternative fuels, technical marketing, not on the exploration and production side]. Oil is going to go down in price. Lord Browne, as I said, says oil is too high. Why do you suppose he says that? Mqurice

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