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Gold/Mining/Energy : Oil & Gas Price Economics
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To: SofaSpud who wrote (173)12/16/1999 1:23:00 PM
From: diana g  Read Replies (3) of 350
 
I agree that it is not in the best interests of the OPEC + co-operating producers to try to maintain a high price. My point was that it is in their best interest to continue to work together. What their collective strategies and goals should be is another question, but clearly they gain an advantage as individuals by being part of a group whose members deal honestly with each other, and act together to pursue common goals. At some future point in time it may be that their interests will diverge. That is the nature of the world. Allies become adversaries. Partners become competitors. And visa-versa.
---But to think of them as they are so often portrayed distorts reality and leads to error.

The points you make about inherent cyclicality are good ones.

jackie's points about depletion also must be taken very seriously.

regards,
diana
(btw, imho an opportunity irt RIG will be coming up soon. Click on my name and read my posts if interested. I think it's worth considering. I'm often wrong, tho. )
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