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: Razorbak who wrote (37938)	2/21/1999 10:24:00 PM
From: BigBull	Read Replies (3) of 95453

Venezuela is already on the verge of collapse, it does not have 2 months. Inflation is already running rampant in Iran. The alaskan and norwegian welfare states are already in trouble and cutting back. "Production" in the USA has already been slashed. A low grade military conflict is already underway in the Middle East (Israel annexing lebanese towns, Iraq versus US + GB,Turkey invading Iraq to get the kurds, Mullahs being assasinated). The Nigerian economy is already near collapse. Indonesia has collapsed once and is still quite fragile. Saudi Arabia has already slashed their budget. Iran is already having trouble servicing their debt. Yes I do believe the geopolitical risks are grave. I'll wait till spring to pick my tulips. The bearishness on oil has already reached the point of hysteria.

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