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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: Tom Pulley who wrote (98720)9/19/2002 1:32:39 AM
From: marginnayan  Read Replies (1) | Respond to of 99280
 
I understand your point and is well taken. But I think Rock is also right in a way. Once the U.S oil companies have control of Iraq's oil resources, oil output can be fine tuned based on demand and supply which in turn would allow them to have some sort of control over crude oil price. For sake of oversimplification and to drive my point home, it would put the U.S oil companies cartel in the same position as Saudis, where you control the entire food chain, right from black gold production all the way to gas pump. So both in the long and the short run, the Bush Admin does have a vested interest in something where his originating roots are.



To: Tom Pulley who wrote (98720)9/20/2002 1:49:47 AM
From: y2kate  Read Replies (1) | Respond to of 99280
 
re: "The ideal situation for the American oil companies is for countries such as Iraq that have enormous oil reserves to be in a continual state of turmoil so they can't produce high volumes that would drive down prices."

Funny, that sounds like exactly what's going on!

-Kate