Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: The Perfect Hedge who wrote (4145)	12/1/1997 9:21:00 PM
From: Chris Thomas	Read Replies (1) of 95453

Came across this just now. Someone wondered why the big drop with the news of the 10% increase in OPEC production, They also did not think it would make a big difference. This excerpt would seem to re-iterate that viewpoint. "Many members of the group (OPEC) were already exceeding their individual quotas, so actual production will not increase by that much. OPEC exports more than a third of the world's oil." Well, I feel the same way, It doesn't SEEM like it should matter. Chris

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