SI
SI
discoversearch

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.
Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: Techplayer who wrote (40858)10/15/2000 2:30:25 AM
From: James F. Hopkins  Read Replies (1) | Respond to of 77399
 
Hello Tech; I've worked the offshore oil patch for years,
first as a boat Captain and then a Oil Cargo Supervisor,
relatively speaking oil was higher in the early 70s,

The shortage though was rigged, in fact every shortage
we have had has been rigged. The supply is controlled
not so much by OPEC as people might think.
I'm not out there now but I bet I could take anyone
from the DOE to huge fleet of Super Tankers that are and
have been anchored fully loaded every since this
crap started. Hell the oil in them tankers has been
bought and sold several hundred times and the ships
have never moved. It's like musical chairs, & sooner
or later some one will own all that oil and the price
will fall and the people who sold it to him will
then be able to take over his company.

When the Oil Mafia wants to hold back
oil they have the power to do it and they have the
DOE in their pocket; BTW the SPR was invented as
a joke on the American taxpayer.

-------------

Jim