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


To: Platter who wrote (36892)2/5/1999 1:52:00 PM
From: A. Geiche  Read Replies (1) | Respond to of 95453
 
<<Latin America's fourth largest economy has been ravaged by the worst oil price crash in 12 years. The state is virtually broke..."

And so with about every oil exporting countries.. and all fingers, it seems, are pointed on Saudi Arabia as the culprit of all this mess..
Incredibly, it initiated over production when everything was indicating that it will result inevitably in oil crisis..
Iran declares that, inducing this crisis, SA inflicted more damage to
Iran than Iraq did in its previous war with it.. And, appears to be, the general consensus is that SA was doing only what US was forcing it to do..