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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Clappy who wrote (45255)	12/17/2001 4:15:42 PM
From: Jim Willie CB	Read Replies (3) \| Respond to of 65232

got a great test case in SaudiArabia now on oil/gas Saudis opened up their country to foreign bidders gonna build more methane gas plants, supporting industries they want expanded economy with petrochemical, etc foreigners put up money, take %age of net big gas fields virtually untapped two hitches from what I read and heard from mining friend first, Saudi gas is LOADED with deadly hydrogen sulfide breath it and you get sulfuric acid in lungs, instant death second, Saudis have sabotaged this entire effort with price control like oil, gas, and electricity at 1/3 market prices so where is the profit? nowhere you talk of local countries benefiting from lower prices no way, brownbagger KamaSutraMan local countries will have major problem with pricing the higher price will go to the foreign markets the entire Saudi project is way behind schedule now the hitch is pricing with lower prices come nonexistent profits nothing to share, no return on investment to foreigners instead of ceremonies to sign big new contracts they are meeting to sign letters of agreement read: progress reports on stalled agreements Saudis want to create ultra-cheap electricity and gas for industry they are running deficits again with crude oil down in price they have announced 20% govt budget cuts tough times for desert men with no pants imagine you are a Kazahk mogul you gots production of 50k bbl/day now you knows you can get production up to 100k bbl/day but your govt wants you to double output for benefit of fellow ragheads in Kazahkstan govt demands that added output is at 40% discount to market price YOU DONT INCREASE OUTPUT, case closed pricing and investment for pipelines will be major hitches if I am shallow in my thought process, help me unless you have been sitting curbside talking to Jack Daniels / jim