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To: Richard D who wrote (27864)8/17/1998 10:35:00 AM
From: Thomas M.  Read Replies (1) | Respond to of 95453
 
...we are rather helpless when it comes to internal forces...

Actually, we overthrew a democratically elected government in Iran, and installed a dictator, the Shah. This act was the most significant cause of those anti-American sentiments that have reigned in Iran for the past few decades. I would say we had a profound effect on Iran's destiny.

Tom



To: Richard D who wrote (27864)8/17/1998 1:20:00 PM
From: Douglas V. Fant  Read Replies (1) | Respond to of 95453
 
Richrd, Saudis or fundamentalist, both will need to sell the oil- which raises an important point. There is about 5m/day overcapacity in OPEC currently and that overcapacity will rise as new e&p projects come onstream over the next five years.

So OPEC discipline will be necessary to maintain prices- at least until Asian demand picks up again....

Sincerely,

Doug F.


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