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: Crimson Ghost who wrote (37576)	2/15/1999 10:56:00 AM
From: Jeffrey Beckman	Read Replies (1) \| Respond to of 95453

All: Doing a free trial with AOL. How does one reach the Oil and Gas discussion group that used to have the infamous(g) "P.ENGR"? Thanks for your help, Jeff

To: Crimson Ghost who wrote (37576)	2/16/1999 1:31:00 PM
From: VLAD	Read Replies (1) \| Respond to of 95453

Certainly the OPEC can cut the 1.5 million if they really wanted to. The dummies would all be making more total $$ in oil sales and preserving their limited resources. Iran can easily cut Iraq off at the knees by no longer accepting the illegal black market oil sold through via Persian Gulf smuggling routes. The way I see it, it is a matter of trust more than anything else. They don't trust each other so OPEC doesn't work. Its that simple. We now know that OPEC's lack of cooperation has indirectly helped them by forever eliminating costly domestic supplies of oil. Now that many domestic wells are out of production, where is the extra percentage of oil going to come from when Asian and other demand increases? I believe it will come from the deep water sites and OPEC where large volumes can be readily tapped.