24/7 Wall St.
05-28-2008, 07:50 AM
24/7 Wall St. Daily News
Indonesia would probably like to remain a member of OPEC, but it is pointless. The country is no longer a net exporter of oil. Needs within the country's growing infrastructure and increasing use of cars and trucks are keeping more and more crude use "in country". So, Indonesia will leave OPEC this year. Indonesia has also done next to nothing to upgrade its oil drilling and refining facilities. That is almost certainly short-sighted, but the country does not have the political and business organizations to solve the problems. Call it a microcosm. As crude us increases in countries which have... http://feeds.feedburner.com/~f/typepad/RyNm?i=6IGINH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=6IGINH) http://feeds.feedburner.com/~f/typepad/RyNm?i=vNxnPH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=vNxnPH) http://feeds.feedburner.com/~f/typepad/RyNm?i=NH0wYh</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=NH0wYh)
complete story here... (http://www.247wallst.com/2008/05/a-symbol-of-oil.html)
Indonesia would probably like to remain a member of OPEC, but it is pointless. The country is no longer a net exporter of oil. Needs within the country's growing infrastructure and increasing use of cars and trucks are keeping more and more crude use "in country". So, Indonesia will leave OPEC this year. Indonesia has also done next to nothing to upgrade its oil drilling and refining facilities. That is almost certainly short-sighted, but the country does not have the political and business organizations to solve the problems. Call it a microcosm. As crude us increases in countries which have... http://feeds.feedburner.com/~f/typepad/RyNm?i=6IGINH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=6IGINH) http://feeds.feedburner.com/~f/typepad/RyNm?i=vNxnPH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=vNxnPH) http://feeds.feedburner.com/~f/typepad/RyNm?i=NH0wYh</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=NH0wYh)
complete story here... (http://www.247wallst.com/2008/05/a-symbol-of-oil.html)