Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: John Carpenter who wrote (4017)	11/30/1997 9:25:00 PM
From: Broken_Clock	Read Replies (1) of 95453

Saudis were preaching $25 oil in 1998 only 4-6 weeks ago...You think that has changed? I don't. I lend credenence to the research which is massive(due your own DD) that oil supply vs. demand is tightening year by year.I think the Arabs are following the trend...they want Arab unity...they can get it two ways: 1.OIL 2.Islam. This is the conflict between Sunnis and Sheites. How to achieve unity. Those that ignore the fundamentals of the Arab world due so at their own risk. Saddam has demonstrated clearly that torching a few thousand wells means very little in the overall scheme of things. If the house of Saud should fall or just lose control of some pipelines or oil fields...look out! Can it happen? look at Columbia. Oil companies are fixing pipelines everyday...because of terrorists. The Arab world has too many chiefs and not enough indians...

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