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Politics : High Tolerance Plasticity

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To: Aggie who wrote (499)	2/28/2001 8:45:29 AM
From: Sharp_End_Of_Drill	of 23153

Aggie, it's the same old tired OPEC "market share" story. Oh no, my market share will fall - guess I should dial up the production (hence depletion, well problems, etc.) which will cut my profits (probably significantly), but give me that all important market share. I once had a little business during college doing carpentry work in dorm rooms. It had profits constrained only by the number of hours in a day I could work. A friend suggested I raise prices since there was more than enough demand. It was a very lasting lesson that I could make more money doing less work. What makes Opec any different? This market share argument is tired, lame, and practically senseless. It's what lead the Economist to make one of their worst calls of all time - $5 oil and the end to all producers other than Opec. Pure bunk. I won't risk serious capital on Opec doing the right thing, but on the other hand there's money to be made betting against lame economic policy. Sharp

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