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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (49413)3/1/1999 10:21:00 PM
From: Dayuhan  Read Replies (1) of 132070
 
There is blitzkrieg potential in oil. Each drop in the price puts additional pressure on governments in major producing countries, many of which are fiercely inept and have been surviving entirely by subsidizing their populations with oil revenue. Many of them are on the brink of serious political unrest; if they go over the brink there could be very rapid increases in oil prices. Think of a coup in Saudi Arabia. It's entirely possible; at least owning some oil stocks makes the prospect sound a little less unattractive.
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