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 : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Dennis O'Bell who wrote (17242)	4/27/2006 9:19:46 AM
From: Dale Baker	Respond to of 541376

Crude oil inventories are at record highs, and the recent gas problems had to do with politically-mandated mixture changes at the refineries. The world is willing to pump flat-out at $70+ prices. I don't see where the shortages come from until demand is sitting over 90 million bbl a day and we reach a point where new supply just can't keep up. Getting there will be a gradual process. In 1973, the Arabs just shut off the spigot. Who would do that now and why? I think it's doubtful that Iran or Venezuela would do it all, certainly not for long if they were just trying to make a point.