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Strategies & Market Trends : Drillbits & Bottlerockets
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To: Jorj X Mckie who wrote (5692)3/19/2001 1:22:50 PM
From: Junkyardawg  Read Replies (1) of 15481
 
I may have to change my bearish tones.
This is very interesting. Opec cuts production by another 1 million
barrels a day and yet oil prices drop further. They were supposed to
go up.
It is just a matter of time before another country breaks the agreement with
Opec and sells all the oil they can pump. When this happens oil prices will
fall and in my opinion the economy will pick up as over head cost for companies will have been reduced.
bloomberg.com

dawg
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