Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Crimson Ghost who wrote (57248)	12/22/1999 10:33:00 AM
From: victorw	Read Replies (1) of 95453

GEORGE -- love to have your thoughts - If I'm OPEC, why would I raise production 10% to achieve a 20% drop in price? Every article talks about "pressure on OPEC"? what pressure? It seems to me, OPEC has the best hand, if they can play cards during Ramadan. I think if I'm OPEC, and prices spike, I'd give Vnenzuela a temporary "humanitarian" boost in production, just so they can pay for some flood damage. Then I'd sit back and see what the markets did. In fact, any production rise would be "temporary," now that OPEC has shown it can make a quota work. Think I can get my theory on MSNBC?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next