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.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Anne Stehley who wrote (24345)	3/16/1999 8:30:00 PM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Thanks Anne, Oil is something that interests me the politics of Oil and the cartelisation which I think will fail. More will come but remember 'buy the rumor sell the news'. Arabian tales have left a legacy of 'deceit and cheating' in OPEC, so I am sure we will not see the agreement being followed in strict sense and the order of compliance required. USSR and some others have short term problems, for them Oil above 15$ may be a blessing in disguise to over-produce. Something that has not worked for last 20 years 'the cartelisation' is not going to work now, before taps are opened this may be the final straw on the camels back, short term long -- 78 on OSX is doable if 55 is not taken out..out of that range my visibility is nill. Zaki Yemani the great strategist of Oil thinks 15$ can be maintained, I doubt it that this is possible beyond 6 months. I also think some Oil talks will hit the market as 'inflation'comes into play as Oil moves higher, but that is a seperate subject.. I hope you get my drift, keep close to your investments. Sorry I missed you in Paris.. I hope you had a great time. Take care and love and regards from Ike..