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To: Crimson Ghost who wrote (57248)12/22/1999 10:33:00 AM
From: victorw  Read Replies (1) | Respond to of 95453
 
GEORGE -- love to have your thoughts - If I'm OPEC, why would I raise production 10% to achieve a 20% drop in price?
Every article talks about "pressure on OPEC"? what pressure? It seems to me, OPEC has the best hand, if they can play cards during Ramadan.
I think if I'm OPEC, and prices spike, I'd give Vnenzuela a temporary "humanitarian" boost in production, just so they can pay for some flood damage. Then I'd sit back and see what the markets did.
In fact, any production rise would be "temporary," now that OPEC has shown it can make a quota work.
Think I can get my theory on MSNBC?



To: Crimson Ghost who wrote (57248)12/22/1999 2:53:00 PM
From: Meridian  Read Replies (2) | Respond to of 95453
 
OPEC Compliance: Who amongst OPEC has spare capacity? Only 3 members. These members (S Arabia, kuwait, uae) are traditionally the strong members. Rest of OPEC has been weakened. OPEC cheats when they have the means to cheat - when productive capacity is high. Seems as though nobody is really considering whether they have the means to cheat now - I don't think they do.

gmbler


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