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Strategies & Market Trends : Asia Forum

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To: Stitch who wrote (8204)	3/5/1999 10:12:00 PM
From: shadowman	Read Replies (1) of 9980

Stitch, I read Yergin's book but haven't read the other two that you mentioned. I wonder what Yergin would say about the premise that the US government (Reagan-Bush-Clinton administrations) have successfully made a conscious effort to hold down the price of oil? Would be interesting to see if he has an opinion. >If you are serious about understanding the seemingly irrational fluctuations of the price of oil and gas, I believe there are three books that are a "must read". First, of course, is Daniel Yergin's excellent book "The Prize: The Epic Quest for Oil, Money and Power". Second, is Peter Schweizer's carefully documented story of the Reagen administration's secret strategies that hastened the collapse of the Soviet Union. The name of the book is "Victory". A key strategy was to drive down the Soviet hard currency earnings through the collapse of oil and gas prices -- and it worked. And finally,"A World Transformed" by George Bush and Brent Scrowcroft. After reading these books it is easy to understand why oil and gas prices are once again collapsing. The simple fact is -- It is in the best interest of the current U.S. government administration.<

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