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: Platter who wrote (36892)	2/5/1999 1:52:00 PM
From: A. Geiche	Read Replies (1) of 95453

<<Latin America's fourth largest economy has been ravaged by the worst oil price crash in 12 years. The state is virtually broke..." And so with about every oil exporting countries.. and all fingers, it seems, are pointed on Saudi Arabia as the culprit of all this mess.. Incredibly, it initiated over production when everything was indicating that it will result inevitably in oil crisis.. Iran declares that, inducing this crisis, SA inflicted more damage to Iran than Iraq did in its previous war with it.. And, appears to be, the general consensus is that SA was doing only what US was forcing it to do..

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