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: BigBull who wrote (33198)	12/20/1998 9:05:00 AM
From: Crimson Ghost	Read Replies (1) of 95453

Big Bull: Thanks for posting that article! I was especially intriged by the last paragraph: "OPEC producers are deeply frustrated," Royal Dutch/Shell Chairman Moody-Stuart said in late September. "They produce oil at $15 a barrel and consuming countries tax it at $100 a barrel. Italy makes more money on oil than Saudi Arabia does." Simple common sense dictates that this kind of thing will not last much longer. European government getting far more for OPEC oil than OPEC itself. I suspect that resentment over these gross disparities is why many Arabs and Moslems hate the West so bitterly..

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