Asia Forum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Asia Forum

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Stitch who wrote (8208)	3/5/1999 11:37:00 PM
From: shadowman	Read Replies (3) of 9980

Stitch, I should have made it clearer in my post that it was the CEO of Rowan that cited the books. I realize that you were quoting his statement and should have made that clearer also. My reading of Yergin's book (a big book) was that he concluded that OPEC needed little outside help to self-destruct. A combination of factors...greed, self-interest and distrust unraveled the temporary control that OPEC held over oil prices. My apology to Mr. Yergin for over simplifying. I'm quite sure that Yergin felt that OPEC eventually qualified as "The Gang That Couldn't Shoot Straight" but I think he probably feels likewise about the actions of the US government(s). The idea that the US government could pull off such a coherent and successful strategy is intriguing, and difficult to believe.<G> I guess anything is possible?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next