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To: Don Westermeyer who wrote (15124)	3/23/1998 8:19:00 AM
From: Tony van Werkhooven	Read Replies (1) of 18056

Two more issues to consider when reacting to deal among oil producers: 1. How long will a "deal " succeed in keeping pricing down - see last sentence in todays WSJ article: "In any case, the output cuts are likely to be temporary, if only because producers outside OPEC will feel free do as they wish once prices recover." 2. Coming down the road we have the impact of additional Iraqi oil. Hence, I don't see this event causing a change in overall market phychology. Comments? Tony

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