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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (29420)	5/13/2002 3:27:06 AM
From: Eashoa' M'sheekha	Respond to of 281500

>>Saudi Arabia does NOT want oil to get too expensive.<< Correct! But we/they have had control to a large degree. What I am referring to is an oil shock due to a ME conflict on a large scale for an extended period or a loss of reserves on a large scale. The alternatives will be a long time coming and the devastating effects would be immediate and deep for the entire world.I'm not talking about an embargo , I'm talking about outright loss of capacity to meet demand over a five year period or so , which is what it would take to reach an equilibrium for supply and demand. See what I'm getting at? PS: Yes..those are the figures I am getting from a number of sources. KC@GotWindmills?.Com <g> KC