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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: marc chatman who wrote (49776)	8/24/1999 10:10:00 AM
From: JoeDi1213	Read Replies (1) \| Respond to of 95453

They will never be able to keep crude in that tight of range EOM

To: marc chatman who wrote (49776)	8/24/1999 11:09:00 AM
From: Fun-da-Mental#1	Read Replies (2) \| Respond to of 95453

The price-band plan does indeed sound half baked, because a) they don't even know yet what level of production is appropriate to maintain $18-20 oil in the long term, b) There's too much uncertainty about stock levels, demand changes, and non-OPEC production, c) The time delay between production and delivery will send the system into oscillation, and d) It creates an incentive to cheat because if one country overproduces the others are obligated to cut back their production to keep the price up! BWDIK Fun-da-Mental