Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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

To: John Carragher who wrote (115779)	9/27/2003 9:23:24 AM
From: quehubo	Respond to of 281500

I failed to say compare those Big Oil company charts to SP500. Market forces and OPEC will keep oil prices between $25-$30 WTI. If global economies grow over the next few years OPEC wont have much of a challenge maintaining prices and after that they have no other competition. The problem with temporary oversupply is that the pain for OPEC is quite severe (1998). Saudi's are enticing Russia investment dollars and Russia has just as much interest in cooperating with OPEC to control supply and prices.