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: pz who wrote (23246)	6/2/1998 2:38:00 AM
From: upanddown	Read Replies (2) of 95453

What if OPEC decides to do nothing and let oil prices come back on their own when the glut is used up? Good question.....I think we are all trying to believe that the people running OPEC are not a bunch of idiots....they only seem to be. They do seem to be somewhat challenged by laws of supply and demand but still, they must understand that no action probably means single-digit oil and about a hundred billion never making it to their coffers while simply returning to the production numbers before their idiotic 10% increase last fall will mean a much bigger pie with bigger slices for all. John

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