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: oilbabe who wrote (57298)	12/23/1999 12:45:00 PM
From: victorw	Read Replies (1) of 95453

Great article, oilbabe. I wonder about some of the assumptions. 1. If OPEC likes $25 WTI, why would they settle for "normal" price of $20 WTI. OPEC's new cohesion changes the defination of "normal". 2. There's no evidence that $30 oil will stifle an Asian recovery. They were doing great in 1997 with mid-20's oil. adjust for 3 years inflation, and you are close to $30. 3. OPEC will have to react before end of March. Seems to me when you control supply, you don't "have" to do anything. Plus, it's kind of a static analysis, as price goes up, demand does drop off. Lots of theories--I'm betting on $25 WTI, and maybe higher.

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