Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Biotech Jim who wrote (56928)	12/15/1999 9:22:00 AM
From: BigBull	Read Replies (1) of 95453

"The temptations of high prices, though, will be hard to resist." Huh? Why? Cut production 6% and more than double your revenues! All the incentives are for further discipline. Remember Sadams stated reason for invading Kuwait? Kuwait was cheating and keeping the price below 25. Sadam is a happy dude right now. Even he doesn't want to rock this boat right now. Kuwait is now an production hawk. I don't agree that everybody in OPEC wants 20 dollar oil. The dollar is worth a lot less than it used to be. OPEC wants 25. For the next 2 years they'll get it too. Worldwide demand will give it to them without much trouble at all. Wolanchuks 33.45 looking better and better with each passing day.

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