Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who wrote (3334)	10/30/2001 8:21:38 AM
From: Art Bechhoefer	of 36161

Frank, I agree this thread should stay more focused on matters such as the price of crude and natural gas, and AWAY FROM foreign policy, terrorism, etc. In an effort to get back to basics, I ask anyone the following questions: Do you think the increasing exports of oil from Russia and Angola will cause the OPEC nations to break rank and ignore their quotas? If so, how far will the price of crude oil go down, and for how long? A prolonged period in which crude prices remain near $18 per barrel would probably have a major adverse effect on producers and oil service companies. It would also benefit refiners and those companies that have downstream operations. How likely is this scenario? Art

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