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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SliderOnTheBlack who wrote (31316)10/30/1998 11:43:00 AM
From: The Ox  Read Replies (2) of 95453
 
My opinion, FWIW,

I don't think OPEC can spring this type of trap anymore. With Venezuela's desire to produce more, regardless of price, and threats by Kuwait that they will also open the taps if others cheat on production cuts, I don't see how OPEC can spring such a trap. Not of the monumental scale employed by our FED friends, 15 minutes before the market closes the day before options expiration. No way.

Michael
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