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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: BoNg-N-BoNg who wrote (53615)	10/27/1999 2:42:00 AM
From: Warpfactor	Read Replies (1) \| Respond to of 95453

Bong, Why are you picking on Oil producers as being greedy? Can not the same be true for Pharmaceutical manufacturers? Or cola producers? Or just about anything? Anything that anyone sells is based on the desire to make money. Warp

To: BoNg-N-BoNg who wrote (53615)	10/27/1999 12:43:00 PM
From: dfloydr	Respond to of 95453

BoNg-N-BoNg: I enjoyed your web site. As to the price of oil: this is an odd science having to do with a lot more variables than just the cost of production. Saudi Arabia Iran, Iraq, Kuwait and similar producers see oil as their entire national income. They have oil, sand and hungry people. They require that oil be priced such as to pay for chalets in Switzerland, jet planes, nerve gas, hospitals, schools, roadways, air conditioning and prunes. Add all those costs together and they reckon oil does not leave their country at under $20+/bbl. Now if only we could price our oil and gas likewise, at say $500,000/bbl, everything else in the United States would be free and we too could go to foreign universities and vacation in Switzerland. But that ain't how it works ;-) So don't hold your breath for cheaper oil and hold off booking your chalet in St. Moritz.