Silicon Investor (SI) -- The First Internet Community

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.

Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: flatsville who wrote (36634)	5/31/2000 10:20:00 AM
From: pater tenebrarum	Respond to of 42523

it seems also that OPEC isn't really capable of ramping production much...not to mention that it's probably not willing to do so. they think it's now their turn to make a mint, after the industrialized countries have boomed at their expense. Saudi Arabia is probably quite unstable politically - information on the situation is of course suppressed, but the Saud regime is not overly popular there. any disruption in Saudi Arabia (which is the only OPEC producer that really has spare capacities) and we're going to have a mess on our hands.another aspect is of course that the Saud despots are forced to keep the citizenry as content as possible, and that costs money. i keep hearing this nonsense that OPEC doesn't want to get more money for its oil...that's utter BS. they are not fools...they know very well that they are the only ones whose oilfields have not yet passed peak production. time and geology is on their side. the last giant oilfield was discovered in 1967....and it's already past it's peak (Prudhoe Bay). there's nothing left to discover in terms of giant fields. that means the industrialized nations will have to get used to a new, much higher trading range for oil prices.