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

To: Bucky Katt who wrote (39117)	3/6/1999 5:27:00 PM
From: Patrick J. Saunders	Read Replies (1) \| Respond to of 95453

Regarding the $2 dollar oil from the mid east. Doesn't the seller pay the shipping fees to get "their" oil to market. Doesn't this in effect drive up thier costs per bbl to deliver product to the largest market place in the world, the US? It may be $2 dollars per barrel in Ryiad, but by the time its delivered to the US, its gotta be around $9 dollars per barrel. Wouldn't this price, due to shipping costs, put the mid eastern countries prices in parity with domestically produced oil? pat