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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Brent Hogenson who wrote (39115)3/6/1999 7:42:00 PM
From: Gary Burton  Read Replies (1) of 95453
 
Brent-As I see it, the Economist article is way too simplistic and for that matter idealistic. Far too many risks to Gulf States in short run to flood the mkt in order to try to get to the medium run.Short run unrest would cause havoc to SA and the Family would be most unwise to take the risk. Too many hotheads in too many other Middle East states-as well as in SA-who might well unseat the Family....Also, very recently the SA oil minister was calling for increased cuts if all could agree, so SA's policy is counter to the Economist's suggestion right off the bat....Finally, the article makes light of the demand side of the equation. Asian growth would likely change the entire economics
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