Re: [ST] FYI Gas prices

[iPat <pmdavies@xxxxxxxxx>]

the price of oil goes down and production slows down, the price rises
and production goes up. OPEC manages the volume in order to keep price
within certain margins.

Last year, very close to where i am, there were yards full of drilling
rigs as the price meant there was no margin to go and explore. When
the price went up the rigs were deployed.

seeing as there is a huge ammount of dependency on the revenues from
oil, most of which comes from the industrial use and not at the petrol
pump, it would be prudent for governments to protect themselves.

Now if the Dalai Lama could persuade people that there is oil in them
hills Tibet may warrent its freedom too! ; )

On Apr 7, 2005 1:08 PM, Andrew F. Kay, Jr. <captainquack@xxxxxxxxxx> wrote:
> It's really remarkable that this kind of tripe gets any credence at all.

- -- 
iPat
in Aberdeen, Europes oil capital

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