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

To: zonder who wrote (53835)10/22/2002 8:20:55 AM
From: John Carragher  Read Replies (1) | Respond to of 281500
 
most numbers I heard was $22. a barrel... This isn't really a free fall but will be great for world economy... I don't know if this would hurt oil companies.. They are paying x price (contract or spot market) and mark up for a pass through adding refinery and transportation costs... I would expect once the price settles the margins will come back in line.
The only way severe lower prices would hurt oil companies would be areas of high investments to retrieve oil making it not worth it to pump if barrel goes below breakeven costs.



To: zonder who wrote (53835)10/22/2002 9:22:57 AM
From: Nadine Carroll  Read Replies (1) | Respond to of 281500
 
Once US or US-friendly rule is established in Iraq and the oil starts flowing, the most likely outcome will be that the OPEC cartel will be broken and the oil prices will go into a freefall.

Very likely. Buy at the rumor (of war), sell at the news (of victory).

Um, wouldn't this mean that it would be far more profitable for Cheney's oil bidness buddies to keep the Iraqi oil off the market? Just checking -g-


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