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 (38479)	2/28/1999 2:49:00 PM
From: BigBull	Read Replies (2) of 95453

Nations that go "poof" in the night. Um. Let's see: Russia - formerly known as the Soviet Union Serbia, Croatia, Macedonia, - Formerly known as Yugoslavia Whatever they call Czechoslovakia now. Shucks just take a look at a world map of 100 or so years ago. Austro-Hungarian Empire - Gone Tsarist Russia - Gone French Kings - Gone The Confederate States of America - Gone with the Wind. In fact history itself is the tale of nations, countries, empires, that go poof! The Saudi's are not so secure that they can do anything they please. The tide of history is flowing long and hard against royalty. People who once had the "full backing or implicit support of US military might" Ngyuen Van Thieu Fulgencio Batista The Shah of Iran Chiang Kai Shek Ferdinand Marcos Former puppets all. A future candidate for going poof! Nigeria - Remember Biafra? hrw.org hrw.org msnbc.com cnn.com cnn.com Why punish Venezuela when they are coming in to compliance? What message would that send? Why punish Mexico when they are eager to join in cuts? Would that not be counter productive at this point? Since many foreign banks and investors hold the debt of oil producing countries, would not $6 a barrel force that debt to be marked to market as near worthless, thus forcing banking regulators to require the banks holding that debt to record that debt as a liability rather than as an asset on their books? Did you consider that in todays real time financial markets that banking regulators may not have your crystal ball and know that $6 oil would only last 2 months?

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