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    International oil pricing structure

    Jan. 21, 2002
    There's been a very dramatic shift in the international oil pricing structure. Normally recalcitrant Non-OPEC countries are now withholding oil from the market, obviously wanting a higher price for their oil, but also aware that they had better garner their wares because it really is a depleting resource, due to peak in less than 10 years.

    There's been a very dramatic shift in the international oil pricing structure. Normally recalcitrant Non-OPEC countries are now withholding oil from the market, obviously wanting a higher price for their oil, but also aware that they had better garner their wares because it really is a depleting resource, due to peak in less than 10 years. They've obviously read the new book on the subject by Oklahoma-born Princeton geologist Dr. Kenneth S. Deffeyes, entitled Hubbert's Peak, The Impending World Oil Shortage.

    Jon F. Freeman
    President
    Sucron Inc.

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