Oil & Gas Price Economics Message Board

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Gold/Mining/Energy : Oil & Gas Price Economics

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To: rajaggs who wrote (237)	9/4/2000 9:20:45 PM
From: Ed Ajootian	Read Replies (1) of 350

rajaggs & R Barbe, As an O&G investor, I just hope you guys are right and the Sheik is wrong! Fortunately it seems like it will take at least another year or two to tell which was the right answer in any event. By that point I hopefully will have achieved my lifetime investment goals. I believe OPEC made a serious mistake when it allowed many of its members to max out their production in advance of the others. OPEC should have divied up the allocations so that no member would max out until it was close to the point that they all would. This way there would still be some leverage to further negotiations re: production levels.

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