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: Crimson Ghost who wrote (32733)	12/10/1998 10:55:00 PM
From: Harlan Moore	Read Replies (1) of 95453

Why does the US government care about raising oil prices? Low energy prices are good for the vast majority of Americans--and the world. They're just bad for us, and the oil service industry. But responding to a later post, why do the Saudis want dominance? I'd rather have a 17% market share of $18 oil, than a 25% share of $9 oil. Maybe they have a long range plan. So did the Venezuala government, and look what it got them. Never thought I would be glad to see a socialist win an election. If anybody in OPEC knows what they are doing they are fooling me badly, and head faking us all. To paraphrase a long dead friend, Hell is a place where the Italians run the organization, the English handle the cooking, the Germans arrange the entertainment, and the Arabs do the economic planning. Pray for snow Teardown

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