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 Ox who wrote (31318)	10/30/1998 12:17:00 PM
From: diana g	Read Replies (1) of 95453

Producer Surprise??? I think the Producers are taking their various positions as part of the 'dance' of forging an agreement that raises price while protecting market share. It would be unwise for OPEC to simply reduce production here without an understanding among OPEC/Non-OPEC producers that assures this. They may fail, but if they succeed (and their recent record is very good), then more production cuts may be forthcoming. Combined with more Fed cut(s)............. regards, diana

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