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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (20955)	5/31/2004 9:09:49 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 57684

I am certain whatever Bin Laden says in the Saudi papers is some thought out soundbyte intended to stir the masses, but if he really believes the world will tolerate $147/barrel for oil you have to laugh. According to Ann Richards, any long term price above $40 per barrel from opec can be replaced with the texas oil patch. In order to drill in texas the oil companies want price floors which we have been unwilling to deal with but certainly would be possible if opec priced themselves out of the game. This is ignoring anwar. All that would happen if opec raised oil to $100+ barrel is that the developed nations with oil reserves (like the US) would get stronger and other nations without like Japan would weaken. Is that what Bin Laden wants, for the US to get stronger? LOL. BTW Anwar is supposed to be as large as many ME oilfields, although I hope nobody ever has to drill there.