X-Message-Number: 24187
From: 
Date: Fri, 4 Jun 2004 10:23:09 EDT
Subject: Re: Why should we care what "markets" say?

From Mark Plus:

> Indonesia may have to drop out of OPEC because it has become 
> a net importer of oil, which defeats the purpose of belonging to the cartel; 
> 
> and the New York Times reported in April that Oman's oilfields, which lie 
> just south of Saudi Arabia's on the Arabian peninsula, are definitely in 
> decline. OPEC is talking about raising the supply, but the fact is, its 
> members are near their limits now and have little or no "surge capacity," 
> apart from politically volatile Saudi Arabia.
> 
> Regards,
> 
> Mark Plus
> 
I agree. May be Russia may have some reserves, but shiping is the problem. My 
opinion is that the current price is here to stay (more or less). It could 
goes up to $60/ barrel so that new source could be used such shale oil or 

bituminous sand. In the short term, using more natural gas seems the solution. 
More 
costly energy = more costly LN2. I don't know the effect on cryonics yet.

Yvan Bozzonetti.


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