Oil & Gas Price Economics Message Board

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Gold/Mining/Energy : Oil & Gas Price Economics

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To: jackie who wrote (113)	5/4/1999 3:29:00 PM
From: diana g	Read Replies (1) of 350

Re: OPEC Reaction to High Price Jack, you wrote <<<" I would expect some sort of announcement to accompany an increase in production. This would prevent speculation there is cheating underway.">>> I agree that they will likely try to reassure the market, but I see there are still many who are almost pathologically expectant of 'cheating'. I think it quite possible that the circumstances surrounding this sort of increased OPEC production may provide a buying opportunity, as those who are certain that producers cannot keep their pledges seize the chance to go short into the first creak of an opening tap, not believing any explanation from OPEC. That's my hope, anyway. <G> just mho, of course, regards, diana

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