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Gold/Mining/Energy : Oil & Gas Price Economics
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To: Rod Copeland who wrote (194)2/21/2000 3:08:00 PM
From: Archie Meeties  Read Replies (1) of 350
 
They have threatened strike now for months.

If the Venz. government allowed them to strike it would strengthen the case for relaxing quotas in March.

A government facilitated strike stands in contradiction to public reports that they wish oil to be lower. (I didn't really buy the post-Richardson appeasement announcement).

So a well timed strike is a means to $40 oil and production increases in March. Such increases would be, after a month of lost Venz. production, insufficient. Perhaps they would be larger than we expect now, but smaller than the supply needed to overcome the deficit of lost Venz. production. We'd know that number - and they'd be well short of it.

The interesting question is how much production they will salvage if they proceed with a contrived strike.

Maybe it's time somebody keyed Venz. in on the reason for artificially low oil prices - I think Kuwait knows - it's gold said it did.
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