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To: Razorbak who wrote (51000)	9/12/1999 9:23:00 PM
From: Rob Shilling	Respond to of 95453

Yea, and Russia said it was going to reduce exports earlier in the year by 100,000 bpd in sympathy with OPEC (didn't happen):). The government has lost control of the export situation for the most part. According to Lukoil, the state run pipeline Transneft, has been bypassed enough that the state can no longer control what gets exported. Thus the only thing left to happen is for prices to rise enough internally to reduce the incentive to export. In the end, that is the best solution anyway. It is free market as opposed to government control. As this thread has pointed out there is a kind of boom going on in Asia, and Europe. I think Russia and the CIS states are following close behind.

To: Razorbak who wrote (51000)	9/12/1999 10:19:00 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

Gee Stonewall, maybe that FLOOD of Russian oil is what's causing the spread between Brent and WTI to get soooooooo tight ya can't squeeze a Razor in between. But, your right, the Russian oil story was all just Commie propaganda to 'get that price up'. <g> I strongly the suspect that Russian oil company profits are up due to the fact that oil prices have, well, err, ahhh, ahem, more than doubled. While Rob may be correct that 'market forces' may completely curtail Russian exports, I suspect bayonets at the end of Kalishnikov rifles will do in a pinch. <g> But then again, maybe the Russian oil producers will be allowed to 'export till they drop' and let the long sufferring Russian populace just freeze to death this winter. Talk about your labor shortages! Maybe it's a nefarious commie birth control plot?! Anyway, Stonewall, I love you man. You never give up! You're my kind of guy! As always, Your favorite: Bull