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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?


To: Kerm Yerman who wrote (5302)8/7/1998 12:53:00 PM
From: Doug  Read Replies (1) | Respond to of 24922
 
Kerm /Oil Price:

The key to the oil price lies with the Saudis. They could enter into long term forward two year contracts with the rest of the world's suppliers at a price of say $14 but with severe penalty clauses if they overproduced.

They could then control their taps to stabilise the supply at a higher price. They would offload all their forward contracts at the higher price.

Ofcourse that wont happen.!