MTEI - Mountain Energy - No BASHING Allowed Message Board

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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed

MTEI 0.00400

-14.9%

Nov 18 9:31 AM EST

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To: Alastair McIntosh who wrote (3163)	6/23/1998 7:26:00 PM
From: Janice Shell	Read Replies (1) of 11684

The problem with production cuts is that some OPEC countries are so cash poor that they do not adhere to the agreed level of production. Also, non-OPEC producers tend to take advantage of production cuts by OPEC. And of course the price of oil is pegged to the dollar. In the near and intermediate term, East Asian producers may badly want to add to their dollar reserves. And as you note, once OPEC members start squabbling, as they so often do, their firm intentions generally fall by the wayside. Oddly, this is a moment in which a case for either higher or lower oil prices could be made with almost equal effect.

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