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To: NickSE who wrote (76434)11/19/1999 6:38:00 PM
From: Maarten Z  Read Replies (1) | Respond to of 86076
 
Both are effecting Oil prices.

Seasonal demands as well as stockpiling of reserves ahead of Y2K places pressure on supply and also the fact that OPEC is still showing unity on their price controls.

MZ



To: NickSE who wrote (76434)11/20/1999 9:58:00 AM
From: NickSE  Read Replies (1) | Respond to of 86076
 
U.S. District Judge Thomas Penfield Jackson named Richard A. Posner, chief judge of the 7th U.S. Circuit Court of Appeals based in Chicago, to oversee "voluntary" talks between the parties. Posner, 60, is regarded as a conservative jurist and one of the founders of the "Chicago School," an influential group of professors and economists skeptical of government regulation of business.

...In the abstract to his latest book, he wrote: "The evils of natural monopoly are exaggerated, the effectiveness of regulation in controlling them is highly questionable, and regulation costs a great deal."

washingtonpost.com