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Politics : High Tolerance Plasticity

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To: ItsAllCyclical who wrote (2205)	3/22/2001 10:28:46 AM
From: Think4Yourself	Read Replies (2) of 23153

Jim, I think you have it exactly backwards. OPEC is MORE likely to hold together if oil prices start tanking. It is much easier to hold a group together in bad times than it is in good, and it is very easy to prove it. They came together at $10 and started falling apart at $30. The fear of oil going back to $10, and the inevitable civil unrest they will again experience is probably the strongest motivating factor there is for OPEC right now. That is why the cuts were at the top end of expectations, and that is why they may very well do an intermeeting cut soon if the price starts tanking. I bet they aren't feeling so bulletproof right now.

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