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

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From: GREENLAW4-7	10/5/2006 1:23:59 PM
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IS OPEC RELEVENT? From 27 to 77 OPEC screaming they could supply enough crude to hold price down. Did it work....NOT! Now in the midst of public waking up to the fact supply is over supplied, and demand waining, OPEC allegedly coming to the rescue of all the Crude longs. We will go back up again, but OPEC is IRRELEVENT and the possiblity of shutting the tap is MOOT IMHO. Again I draw analogy to asian contagian in 1997-98. Oil will rise from the ashes after a rest in the 50's for sure. I would never bet on OPEC to control oil price, they lost that game many years ago. Good luck friends!

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