To: Platter who wrote (36649 ) 2/3/1999 2:16:00 PM From: BigBull Respond to of 95453
Platter: I work third shift, and just woke up about an hour ago, fully expecting an OS/Oil abbatoir/charnel/slaughter house selloff. What do I read? – The Redoubtable Platter at his post, calling out doom to the OS bears. Don't ever EVER change! Anyway, it now appears that the Gulf states are finally feeling the pain, and pain will make you change your mind. ArabicNews.Com Omani minister says oil prices will cause major regional problems Oman, Economics, 2/2/99 Omani Minister of Trade and Industry Makboul Bin Ali Bin Sultan warned that petroleum prices could remain in their current state in the coming years. Bin Sultan said this matter would harm both the Gulf States and the industrial countries. In a press statement, he called for a Middle East economic summit that aims at achieving Arab integration without Iran, Turkey or Israel. He added that the countries that depend on petroleum as a primary source of income, such as those of the GCC (Gulf Cooperation Council) states, will face special problems. The Omani minister clarified that the GCC states will suffer problems in the current and coming years, saying "I don't believe that the petroleum prices will greatly increase beyond current levels, which is the reason for large obstacles in the budget of all GCC countries." I know I said I'd never post another Korea post, but this one is too good to resist. The IMF has officially declared their recession over, that's right, OVER! This is now really, really, really my last post on Korea.koreatimes.co.kr But wait, It gets better, this news from GM!biz.yahoo.com Gotta love that last paragraph! One of these days we're going to be doing some serious BEAR hunting.