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

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To: Frank who wrote (75230)	11/17/2006 10:26:59 AM
From: elmatador	Read Replies (1) of 206117

"countries will cheat, price will decline further" Message 22887021 Growing crude inventories in consumer nations prompted oil cartel OPEC last month to agree to cut production by 1.2 million barrels per day (bpd) starting November 1. But data from oil tanker tracker Petrologistics showed the producer group pumping 27.5 million bpd in November, well over targets of around 26.3 million bpd for the 10 members participating in the cuts. They are going to pump like crazy. Why should one cut to benefit the rest plus non OPEC Russia and Norway?

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