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Technology Stocks : Intel Corporation (INTC)

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To: GVTucker who wrote (101691)	3/28/2000 5:23:00 PM
From: Gerald Walls	Read Replies (1) of 186894

Note that there is disagreement among the OPEC countries about what the quotas should be. That is primarily because most of OPEC is already producing at capacity. I guess we'll just have to see. I personally have a hard time believing that the OPECers would not maintain their oil fields just because they're not pumping at that exact time. Miners put their mines in maintenance mode when they curtail operations. Are you saying that can't be done with oil fields? Reports say that the OPECers have decided to increase production by 1.7 million barrels per day without the approval of Iran. If so, this will increase the friction by breaking up the consensus and will encourage cheating. Of course, if you're right and the OPECers just turned off their pumps and didn't maintain them then they can't pump any more oil anyway.

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