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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (5975)5/10/2004 9:55:15 AM
From: Tommaso  Read Replies (3) | Respond to of 116555
 
I have been traveling and have not been able to keep up with all the discussion.

Has anyone pointed out how much more likely a coup in Saudi Arabia is now, than it was before the recent developments in Iraq?

If a really hostile fundamentalist government got control there, they could send the price of oil up past $60 a barrel without half trying.

Imagine what that would do to the global economy.



To: mishedlo who wrote (5975)5/10/2004 2:36:44 PM
From: Wyätt Gwyön  Read Replies (3) | Respond to of 116555
 
1.5 million bpd hike in OPEC output

i wonder what this means in practical terms of global supply. OPEC members are already producing 1.5 mbpd above their current official ceiling, so an official hike of the same amount merely "legalizes" the current situation. so to have an impact on supply, they will need members to continue to cheat by 1.5 mbpd, but at the new, higher ceiling. time will tell whether this capacity really exists.


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