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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (49253)	5/1/2004 5:01:13 AM
From: Maurice Winn	Respond to of 74559

Ray, I was ordered to dinner and didn't get to finish ranting [or even instal the missing apostrophe]. Companies with expensive oil reservoirs such as the North Sea, North Slope and so on, need expensive oil to compete with and preferably no competition. So, if Iraq's oil has sanctions applied, that's great for BP, Shell, Exxon, and of course noocular electricity suppliers whose electricity has to compete with that from thermal power stations. Noocular also competes with fuel oils for heating. If Iraq had been producing flat out since 1990, Saudi Arabia and other suppliers would have had to lower their prices to increase demand and maintain cash flow and market share. BP's and Exxon's profits would have been greatly reduced. I haven't worked out how much. An act? Well, I do have fun and sometimes have tongue in cheek and sometimes are just thinking out loud, but not spinning. I was a sales engineer in the marketing department of BP in NZ and technical services manager in NZ and then product development advisor in London [for BP Oil International]. So I was mostly technical geek, but with marketing and environmental and other stuff too. No diplomacy wing for me! Though I do recall the refinery manager [a very nice bloke], accusing we marketing types of being silver-tongued something or others. It was a fascinating time for me. I sort of miss it. But politics is fun too. My plan now is to get the NUN established. John Kerry seems to be heading in that direction, though he's still stumbling around a bit and hasn't figured out just how far he has to go. Even the PNAC gang is trying to figure out how to get the UN to take the flak, without letting go of the profits of control. In the next few weeks, I need to make sure Rodney Hide gets to be leader of act.org.nz political party and then get them to develop a NUN constitution, become the first signatory nation, then sell it to the world, while winning the next election in cahoots with the National party which is now polling fairly well. It's all good fun. No spin needed. Mqurice