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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Post_Patrol who wrote (64152)4/10/2000 11:36:00 AM
From: BigBull  Read Replies (1) of 95453
 
Here's some selective cut and paste for ya! <g>

============================================================

The price ``may fall a little further,' Rodriguez said in a
television interview today. ``But OPEC has already established a
corrective mechanism and if prices fall below $22 a barrels for 20
consecutive days we'll immediately cut back production.'

============================================================

Think they'll wait twenty days? Hmmmmmmm. I wonder. Maybe. But then again it didn't take Norway nearly that long to take back their "production increase", did it? Now Mexico says they want 25 to 30? Maybe Mexico will decide they don't need to ship as much crude to the US since we miraculously found 8 million barrels of gasoline just laying around somewhere. Ah yes, the immaculate barrels.

But maybe your right, OPEC WILL commit hara kiri, just to please a lame duckie.
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