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

To: sportsman who wrote (44719)	5/14/1999 12:43:00 AM
From: Richard D	Respond to of 95453

Can anyone speculate regarding the effect on the price of oil that an economic/political collapse in Russia would have? It's possible that this may happen in the near future if Yeltsin were overthrown. I imagine it would put a chill on the general market, but I'm not 100% sure how it would hit oil. If it slowed economies of partner countries, then oil demand would decrease. If it struck the infrastructure of Russia, perhaps Russian oil exports would decrease because of poor productivity in the Russian oil industry. Perhaps increased tension around the world would push the price of oil upwards. It's a subject worth anticipating, since it could be the next hiccup on the world scene. Richard