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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (69309)	10/19/1999 10:11:00 PM
From: AurumRabosa	Respond to of 132070

OPEC needs to maintain a "not too cold, not too hot" policy to maintain their control. If they let the price rise too much then it'll bring non-OPEC production and even worse expanded E&P programs. If they let it drop then they'll be back to where they just came from, a deflationary spiral where they have to sell ever more oil in order to obtain the same amount of cash to run their socialist governments. I think oil will stay in the $20-25 range for a while.