SI
SI
discoversearch

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.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ahmed Elneweihi who wrote (43172)4/24/1999 12:56:00 PM
From: BigBull  Read Replies (2) of 95453
 
Ahmed, a day or so ago, I posted some articles indicating that Arab/Iranian oil producing nations were opening their fields once again to "Western" investment. Here is another chapter in that ongoing saga.

biz.yahoo.com

I also stated that this new development has enormous implication for the oil industry and our investments in it. Am I wrong, or has the polical/cultural/religious situation on the ground changed radically here?

I recall that Ayatollah Khomeini stating that his revolution was "not about the price of melons" but now 20 years (or so) later the Iranian people are laboring under the weight of 17% inflation and are sick of it. The new leadership in Iran now seems quite eager to drop the insular ways of the past and participate in the worlds rapidly changing economic system. The recent ELECTIONS in Iran have served only to have strengthen the new leaderships hand. Just recently Khadafi has released the airline bombing suspects and has started taking bids from European oil firms to invest in their oil industry infrastructure. If Kuwait is now opening their fields to "Western" upstream investment can Saudi be far behind? Indeed the whole rest of the Arabian/Persian gulf producers.

What do you see as the prospects for various US OS companies in this new envirnment? TIA
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News