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To: Big Dog who wrote (60294)	2/14/2000 7:34:00 PM
From: Crimson Ghost	Read Replies (2) \| Respond to of 95453

The reason (generally unstated) that so many think oil will fall substantially is that this is what the US government and financial elite want. And the assumption is they will eventually get what they want. After all isn't the real purpose of the big US military presence in the Middle East to keep those oil supplies under US control and oil prices relatively low? Now times may have changed and the market's assumption that the US will be able to force crude down by hook or crook may be wrong. But that is the current perception.

To: Big Dog who wrote (60294)	2/14/2000 8:55:00 PM
From: Tommaso	Read Replies (2) \| Respond to of 95453

Ever since the Gulf War, Kuwait and Saudi Arabia have considered themslves indebted to the US for stopping Saddam and have been willing to subsidize our ridiculously low gasoline prices. It may be that this moral (or military) authority persists, and that they will make a gesture of containing oil prices at some "reasonable" level--say $25. If I were their oil/propaganda ministers, I would be cooking up some mealy-mouthed excuses to retain the cuts in production, maybe claiming the (genuine) need to preserve this long-range resource for at least one more generation. From my own selfish point of view, I hope they don't make the stupid mistake of increasing production the way they did two years ago. The real solution for the United States would be to implement something on the order of the Manhattan Project or the Put-the-Man-on-the-moon project--an all out mobilization to create new sources of energy. If we are going to be dependent on others we ought to have to pay them what they ask.

To: Big Dog who wrote (60294)	2/15/2000 1:43:00 AM
From: upanddown	Respond to of 95453

I'am with you, BD. We hear a lot of bunk around here that the Middle East states are just U.S puppets and are just hoping to get 20 bucks for their oil. That is nothing more than personal opinion from people who think the U.S. is ALWAYS the evil presence in the Middle East. It is always presented as "everyone knows" when no one "knows" but them. OPEC is in the driver's seat and is not about to settle for $20. $20 oil in 1991 is $14 oil in 2000. The consuming countries don't think inflation should be a factor but the producers very definitely do. They have very recent memories of the U.S. gloating about their ninety cent gas and, IMO, they are not about to cave in to anyone. John