Where will the oil price go?

**littlebird** Wed Sep 13, 2006 12:21 pm

Where will the oil price go?
according to an article on wenxuecity todayk, the US government is fixing crude oil price for economic and geopolitic reasons. Blast, does that change your mood for oil industry?

**lzhang** Wed Sep 13, 2006 12:35 pm

Re: Where will the oil price go?
that is the joke of the day. Do you think that is possible? Can US fix oil prices from other countries, which it relies so heavily on? It can only fix its domestic production prices, which will discourage production, exploration, etc. Can this save the US economy? BTW, world economy is better now because there is no oil crisis now.

i do not think US gov will make mistake twice

littlebird wrote: according to an article on wenxuecity todayk, the US government is fixing crude oil price for economic and geopolitic reasons. Blast, does that change your mood for oil industry?

**zdplus** Wed Sep 13, 2006 4:30 pm

Re: Where will the oil price go?
It's true.
In history they tried to do the same thing and
the result was terrible.
Even the dumbest person should learn sth from that mistake.
That won't happen again IMHO
lzhang wrote: that is the joke of the day. Do you think that is possible? Can US fix oil prices from other countries, which it relies so heavily on? It can only fix its domestic production prices, which will discourage production, exploration, etc. Can this save the US economy? BTW, world economy is better now because there is no oil crisis now.

i do not think US gov will make mistake twice

littlebird wrote: according to an article on wenxuecity todayk, the US government is fixing crude oil price for economic and geopolitic reasons. Blast, does that change your mood for oil industry?

**blast_investor** Wed Sep 13, 2006 7:30 pm

Re: Where will the oil price go?
I don't believe US government has power to control oil price.

Soudi Arab has more power than US government on the saying of oil price.

littlebird wrote: according to an article on wenxuecity todayk, the US government is fixing crude oil price for economic and geopolitic reasons. Blast, does that change your mood for oil industry?