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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (192)	4/17/2003 2:20:09 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 4912

you come up with very interesting information. thanks!

To: Wyätt Gwyön who wrote (192)	4/17/2003 2:38:52 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 4912

hi darfot.. however, the Saudis may need to raise revenue, which will require higher oil prices, due to their financial problems. it seems only a matter of time before they start jacking up prices. do you have any guess from what price point that might be?

To: Wyätt Gwyön who wrote (192)	4/17/2003 2:46:42 PM
From: Broken_Clock	Respond to of 4912

...and then add this to the mix! Message 18852593

To: Wyätt Gwyön who wrote (192)	4/17/2003 3:03:16 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 4912

world leading debtor nations at their federal level #1 -- Saudi Arabia (talk about a squandered oil treasure) #2 -- Japan (one massive fuchup) I believe USA is somewhere around #4 or #5, unsure this is according to federal debt as pctage of GDP I have stressed for a year now... oil prices are not so much determined by supply & demand but by delivery Venezuela cut off production of their supply now Nigeria production is curtailed in fact, Nigeria is protesting in the streets of Lagos for pricing oil in euros !!! somehow in my little brain I have a hard time imagining Black Africans as Islamic and almost as much trouble with regarding Indonesians where will the next delivery curtailment occur? Mexico? better question perhaps where will the first oil embargo against the USA occur? or a tax on delivery to USA ports? rest assured, a big big backlash is coming since we are now using Iraqi oil as a weapon I FIND IT OUTRAGEOUS AND CRIMINAL / jim

To: Wyätt Gwyön who wrote (192)	4/17/2003 4:21:54 PM
From: GraceZ	Read Replies (1) \| Respond to of 4912

What keeps the lid on the Saudi's (who have the lowest lifting cost, biggest supply and control prices) is that higher oil prices make the swing producers profitable and therefore brings in extra supply. This reduces the ability of the Saudis to keep the OPEC members in line. Higher prices get everyone cheating. There is a good reason that two days after 911 you saw a picture of George Bush shaking hands with Putin. The Russians threaten the Saudis control over oil production, the only way they can be kept in line is by holding the price of oil just above the Russian operating costs, in fact holding below their cost sends their operations into mothballs. A higher price brings on supply from all kinds of places that weren't profitable at a lower price.