SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JimNewby who wrote (27658)8/13/1998 4:32:00 PM
From: Starlight  Read Replies (2) of 95453
 
I heard someone on CNBC near market close say that nearterm, oil would stay at about $14 -- in October it might go as high as $14.80.

Also, last night one of the news magazine shows on TV did a feature on drilling for oil in the Caspian Sea. A number of exploration companies are there -- however, the big drawback to finding oil there is that the Caspian Sea is "landlocked", and to get oil out of the region, a pipeline would have to be laid through possibly Iran. Other alternatives (through other countries) would not be feasible due to our hostile relations with them. My question is: Why are U.S. companies looking for oil in the Caspian Sea when the world seems to have a glut of oil, and the Caspian Sea situation would present transport problems?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News