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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.11+0.9%Nov 21 9:30 AM EST

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To: GVTucker who wrote (43590)11/17/2000 1:28:59 PM
From: JRI  Read Replies (1) of 77400
 
*OT* Short-term, I think you're right...Chavez made some decisions a year ago (ie. capping production), which are bearing fruit now...BUT if Chavez would soon decide to bring capacity back on line (for several months from now), the oil market $ per barrel, I think, would reflect that well in advance of the actual production increases..

I do know that Venezuela has a ton of oil, and that they are able to produce a lot more than current. How long it takes to get those wells on-line, I'm unsure...
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