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: Brent Hogenson who wrote (43772)	5/3/1999 2:35:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

No. ...in the politest way I can say this; I do not think you grasp the concept entirely here, nor the profit sharing breakdown (VBG) - not quite as simplistic as a 50/50 deal or $20 - $4 = $16 etc... SAUDI - realizes the growing tension in the Middle East - they have a window of oppoprtunity to solve many problems here; one is to regain Global dominance as they most influential & profitable producer controlling market share via its production. They also need more $ to solve both social welfare & military build up needs... The Intnl Oil presence near the borders also serves as an ''Oil shield'' Buffer to Middle East Strife - this will all play out... You know - ''Bats'' is smart - they have radar'' - but them Saudi's they be even smarter -just watch...(VBG). We indeed are living in interesting times... historic in fact. They will also NOT fail to ''solve'' the problems with Global Futures Traders controlling the Global Oil market - bank on it. The incentive and the opportunity here is too much for them to pass up.... Saudi - will not institute cheating - they know Venezeula is allready cheating (they watch CNBC you know- vbg) and will ultimately use this as an excuse to open the pumps (after allready having forward hedged positions) whipsawing the Futures Traders in sweet revenge - just as promised. For Saudi - the pledge to get revenge on the Futures Traders is more important than their OPEC pledge here... $14-16 Oil and everyone wins here.... hint - why do you think the Intnl Oil Majors have geared their existance and Budgets to that number ? Both the Intnl Oil Majors, OPEC and Greenspan - know what is going to happen here ! Better be in good old US/Canadian Nat Gas plays... PS - (Sarge, I broke the code !)