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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Crimson Ghost who wrote (37444)2/12/1999 11:48:00 AM
From: Howard Frederick  Read Replies (1) of 95453
 
// but they have got to be concerned about the impact of an extended period of $12 oil on the political stability of a number of foreign governments such as Mexico, Saudi Arabia, etc. An extended period of low oil prices will greatly increase support for Moslem fundamentalism with unpredictable consequences. //

I too wouldn't be surprised at all if some nasty political unrest doesn't cause a sudden and fairly dramatic increase in oil prices. It seems as if many of the oil producing regions in the world coincidentally happen to be amongst the most volatile. IMO, oil prices are going higher -- it's just a matter of how long it takes (the million dollar question). We (the world) can do it the easy way, or the hard way.
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