Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: energyplay who wrote (65450)	7/6/2005 7:53:35 PM
From: elmatador	Read Replies (1) of 74559

oil at $100 Today's oil price reflects the end of the North Sea oil. A Spike is a spike. Straight up and straigh down. 80% oil of business is in the hands of state-owned enterprises. (Hey I know Petrobras enough to gauge what that means) We don't see billions on investment on oil business because governments ae just milking oil for all it is worth Arabian countries are booming now and they are getting the money to prod along and avoid the unavoidable. This doesn't augur well for the future of oil. Higher oil prices are a tax on everybody in the planet. The effect in any individual country's economy are just that: Higher taxes. Tax collected and fed into the coffers of the OPEC + Norway. If one knows what high taxes do. He knows what high oil prices do too.

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