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 : Oil & Gas Price Economics -- Ignore unavailable to you. Want to Upgrade?

To: rajaggs who wrote (256)	9/11/2000 12:01:16 PM
From: rajaggs	Respond to of 350

800,000 barrels on .. and the stock market didn't even blink.! I wonder how much more they could export, if the price of crude doesn't fall at all.? Probably not much and I don't think the Iraquis are ready to jump in and help out. Old Saddam Hussein must be pissing himself laughing right now.

To: rajaggs who wrote (256)	9/11/2000 4:37:34 PM
From: Mark Adams	Read Replies (1) \| Respond to of 350

Just wanted to pass on a link I found yesterday, describing the potential economic impact of higher energy prices. eia.doe.gov The ultimate outcome depends on the Fed and Fiscal policy. I agree with your assessment of the Oil Ministers suggestion that taxes are the problem. Maybe misapplication of the revenue from those taxes. I also agree that OPEC is in a pretty good position at the moment, unlike some months ago when low prices suggested serious social and economic problems for the Arab countries. OPEC has suggested that the problem isn't so much the amount of crude available, but the downstream capacity. I saw a report from Merril Lynch that had many charts, which convey that we aren't in such bad shape as the oil future prices would suggest. I find myself wondering if Merril's charts are based on faulty data, and the OPEC assertion is correct, or if the oil futures are out of sync with reality.