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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (16579)	3/11/2003 11:02:46 AM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78670

>the long term supply picture is very bleak I am no oil expert, so please don't get me wrong. However, every time oil prices went up, I heard this claim. And then the oil prices went down again, and the claim disappeared to reappear next time oil prices went up. During my brief interest in oil threads, I saw enormous variety of opinions about the available oil resources, their depletion, their cost of extraction, etc. In result, I remain unconvinced either way and keep it out of my circle of competence. It may be a wrong attitude, since predicting the grand global oil crash could make a fortune. ;-> Jurgis - just 2 cents but only worth 0.00 after investment :-)))

To: Wyätt Gwyön who wrote (16579)	3/12/2003 5:41:56 AM
From: Demetre Deliyanakis	Respond to of 78670

Hi You are forgetting that Russia is increasing production and so are the other non opec countries. If Russia can double production a few years, with all the problems of communism in 70 years, I have faith that Dick Cheney's Haliburton, and other oil exploration companies will do well in the desert of IRAQ. I think one key reason why Russia, Saudi Arabia etc oppose US intervention in IRAQ, is that they know that a PRO USA regime will allow US Oil exploration free rein in IRAQ. I think IRAQ could replace Saudi Arabia as a key supplier of US Oil. I have studied Iraq's history. The Iraqis are civilized and well educated people. Read the National Geographic profile of Iraq, in the late 80's when Saddam was an ally of the US against Iran. Iraq needs to rebuild its infrastructure, after the war. The quickest way is to increase oil production. The revenues will be used to build schools etc... If Russia can rebuild using oil, why can't Iraq.? It is cheaper to find oil in Iraq than Russia. Comments? What about Haliburton as a value play? You can't get a better Bush play, since Cheney was CEO before he became VP