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.
Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: RMP who wrote (64536)6/24/2002 8:46:12 AM
From: robert b furman  Read Replies (1) | Respond to of 70976
 
Huge supplies will come from Africa (Exxon has offshore programs in the waters where the Congo flows) and Russia will come on stream progressively.

As cheating mounts - the Saudi's will show the world that they can earn market share by pumping the worlds cheapest oil.

I think we've seen the highs for oil.As more time goes on alternate sources come on stream and cheating accelerates - it then becomes a price war for market share.

The Saudi's have expensive life styles and NEED MONEY.

Bob

Drilling in America is a non event - no oil company in there right mind wants to take on environmentalists.



To: RMP who wrote (64536)6/24/2002 9:05:22 AM
From: michael97123  Respond to of 70976
 
"Even if we do all af the above we will still be dependent upon imported oil for at least the next 10 years."

True but we will have done much to change it from it a sellers market to a buyers market.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News