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

To: energyplay who wrote (50353)	5/24/2004 5:10:32 AM
From: macavity	Respond to of 74559

No idea - I was just joking. The irony is that by manipulating the price of oil: Opec thru sheer stupidity. US thru threats and bullying. The world now is at a point when 2.5 billion people (or half the world) are about to undergo their industrialisation with no real credible energy alternative. For the oil-consuming countries, there is no policy - simple! Oil has been ridiculously cheap relative to the economies ability to absorb it and relative to inflation measures. Where was the research into alternative fuels by the governments when they were bullying oil down? Nowhere. As the price of oil rises these alternatives will present themselves as competitors to Oil. This is the nature of markets. Keeping oil low will result in continuous in-action and phaff. It should be obvious to anyone that OPEC does not control the long-term price of Oil; hence how could it have gone to 10 USD region. If they cant keep it up (restricting supply); then surely they have even less ability to keep it down. Politicians will continue to play to The Mob and we will have to rely on extreme market moves to force their hands. -macavity