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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: chowder who wrote (82383)12/21/2000 5:15:32 PM
From: AltLar  Read Replies (1) of 95453
 
Someone posted a while back that OPEC produced under their quotas last month for the first time in a decade. Does anyone have a link to the source? If they are producing at capacity, a Feb cut announcemnet must be a foregone conclusion -- as an attempt to mask their constraints. If it looks like they are underproducing in order to control pricing it is much less of a red flag to other producers who would most likely quickly ramp up capex if they believed OPEC was at max.
Larry
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