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: quehubo who wrote (135389)	6/2/2004 6:39:06 PM
From: carranza2	Respond to of 281500

Dont worry about politics, they will only make us richer. Perhaps. I was thinking about the excess profits tax, if your remember that far back. The NG article makes the obvious point that the ME is the premier source for easily accessible oil. Saudi Arabia, for example, may have giant fields that haven't been discovered yet--it has so much known oil that it doesn't bother with any systematic exploration for new sources. Unfortunately, SA is where the political risk is highest. Nonetheless, I think you are probably right. Big money will be made in technologies that pump out oil from old wells--stripper wells, I think they're called--shale, and maybe coal. The majors will never suffer, they have the expertise to take the stuff out of the ground and market it, which none of the ME countries seem to have.