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.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Czechsinthemail who wrote (14689)	3/13/1998 1:53:00 AM
From: Douglas V. Fant	Respond to of 95453

Baird, Don't worry too much about what OPEC does since OPEC has lost control of the world oil market due to expanded production in the North Sea and Latin America. IMO much more important is strong economic growth in North and South America, and now East and West Europe are starting to come along. Even with demand down 800,000bbls /day in Asia from economic turmoil there, remember that the world still consumes 50,000,000+ bbls/day oil -and that production needs to be replaced. So let me surface the point- It does not matter what OPEC does- world oil demand will drive the market, and things such as the Rio Global Climate Change Treaty will not impact oil usage in Third World growth areas..... And places like Nigeria where an Army Junta Government which represents only the minority of the people (shuts out all of the southern tribes the Yoruba, Ibo, Ijwe, and Ogoni- where the oil facilities are), and greedily pockets all of the oil revenue for itself while the majority of the people starve- is an explosion just waiting to happen..... Sincerely, Doug F.