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To: Biotech Jim who wrote (56928)	12/15/1999 9:22:00 AM
From: BigBull	Read Replies (1) \| Respond to of 95453

"The temptations of high prices, though, will be hard to resist." Huh? Why? Cut production 6% and more than double your revenues! All the incentives are for further discipline. Remember Sadams stated reason for invading Kuwait? Kuwait was cheating and keeping the price below 25. Sadam is a happy dude right now. Even he doesn't want to rock this boat right now. Kuwait is now an production hawk. I don't agree that everybody in OPEC wants 20 dollar oil. The dollar is worth a lot less than it used to be. OPEC wants 25. For the next 2 years they'll get it too. Worldwide demand will give it to them without much trouble at all. Wolanchuks 33.45 looking better and better with each passing day.

To: Biotech Jim who wrote (56928)	12/15/1999 10:21:00 AM
From: diana g	Read Replies (1) \| Respond to of 95453

irt STRATFOR statement I read STRATFOR's email every morning, and think well of them generally, but in this case I believe they've fallen into the trap of seeing the OPEC member countries as greedy half-wits. This view, which we see expressed over and over in the media (until it seems to many that it almost must be true because it's so commonplace) holds that higher oil prices are irresistible to those poor dim oil producers. They will doubtless abandon their agreements and open the taps to get a few extra dollars in the short term. Like small children who cannot see past what they want Right Now. This interpretation of the producers is comically overly simplistic and inaccurate. imho. They have, as individual nations, ALWAYS acted in what they perceived to be their own best interests. (Not unusual, that. <G>) ---Often, in past years, it has been in individual countries' best interests to say one thing and do another irt quotas, etc. But they are not necessarily going to act the same under different circumstances. ---Circumstances Now are quite different. At this point in time, it is clear to anyone paying attention that it is in the producers' individual and collective best interest to maintain unity; The producers acting together and maintaining cohesion is the reasonable assumption now and for some time to come. ---Thinking that they can't act in their own best interest, but will break down in their resolve because of the lure of a few quick bucks is not reasonable. imho. regards, diana