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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: ChanceIs	4/13/2005 8:48:19 PM
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OPEC is so confused!!!!! Today we have.... Chances of OPEC ceiling hike diminishing: senior OPEC delegate London (Platts)--13Apr2005 The likelihood of OPEC implementing the 500,000 b/d crude output ceiling increase currently under discussion has diminished after several OPEC ministers spoke out against the hike over the past few days amid a sharp drop in benchmark prices, a senior OPEC delegate said Wednesday. and then just two days ago... OPEC output increase likely in May despite price drop: president Kuwait City (Platts)--11Apr2005 OPEC will most likely press ahead with an increase in its production ceiling in May despite the recent sharp fall in oil prices in an effort to satisfy expected higher demand in the third quarter, OPEC president Sheikh Ahmed Fahed al-Sabah said Saturday. ************* Funny how an $8 or about 15% drop in the price of your product will change your outlook.

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