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.

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

To: Tomas who wrote (68262)	6/15/2000 10:06:00 AM
From: Tomas	Read Replies (1) \| Respond to of 95453

So long as the U.S. extends a strong security commitment to the Saudis, the Kuwaitis and the (feuding) United Arab Emirates, there should be balance in the Persian Gulf. But people in Washington are already questioning the benefits of this commitment, which costs more than US$40-billion annually and props up some mildly unpleasant regimes to boot. When the cost of defending the Saudis exceeds the value of their oil exports to the U.S., these questions will grow louder. If the U.S. pulls out, Iraq (perhaps in combination with Iran) might be tempted to corner the oil market by invading Kuwait (again) and Saudi Arabia. If that happens, US$32 a barrel will seem laughably cheap. From National Post, June 15