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Gold/Mining/Energy : Oil & Gas Price Economics -- Ignore unavailable to you. Want to Upgrade?

To: SDR-SI who wrote (154)	8/29/1999 9:13:00 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 350

Thanks Steve, That certainly was a fascinating talk. I will have to remember these points next time oil dips under $15 a bbl.! This is a great thread; the quality of the posts make up for the lack of quantity. I think its amazing how short-term oriented the world's big oil producers are. I can understand the small producers such as here in the US, but not someone like the Saudi's. If they were really brilliant they would increase production come their next meeting in September, just enough to get the WTI price down to the $17 -- 18 mark. This would keep a lot of the high cost producers out of the market so the OPEC folks can control more of the action, for a longer period.