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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (188863)5/19/2004 6:33:01 PM
From: SilentZ  Read Replies (1) of 1575945
 
>John, I'll tell ya.....this oil situation is very bad. Crude is staying over $40 per barrel. OPEC is claiming they will increase production but most oil experts claim that OPEC has maxed out their production and never cut it when they claimed they were cutting it last fall.

For what it's worth... I was listening to an interesting story the other day on NPR claiming that the oil supply situation really isn't that bad right now, and that professional speculators are just working to bid up the price.

Wonder if there's any truth to that?

-Z
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