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To: Think4Yourself who wrote (59678)	2/3/2000 4:06:00 PM
From: Think4Yourself	Read Replies (2) \| Respond to of 95453

Anyone else pick up any PXD this afternoon? Suuwwweeeeetttt!

To: Think4Yourself who wrote (59678)	2/3/2000 4:14:00 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

Actually the only interest, or influence the USA has in the ME is - Protecting US Oil interests and our military bases; and to some extent supporting the friendly governements & our anti-terrorism intelligence networks. Trust me - we were as eager to build an armed force in Saudi during the Gulf War to protect our own vested interests as the Saudi's were to have us - it was not out of sheer benevolance - but, rather sheer self - serving greed that we were there - period. Same thing for the rescue of Kuwait - Saddam would have doubled+ his Oil reserves and become THE player Globally in the Oil Markets - we had no choice but to stop Saddam. OUR domestic military interests, keeping a close proximity to N Africa, the ME- protecting Israel & Europe; as well as protecting the price of Oil is our self serving interest - and that self serving interest is a "valueless" poker chip when we sit down to play cards with OPEC and try to exert any "REAL" pressure on them in easing production. I don't think we can do diddly squat - other than kiss their ass and plead on our knees - Richardson proved that; notice how damn quickly that asshole retracted his SPR comments !?!?!? People - OPEC AINT CUTTING ! - period. not yet.... Look at all the articles today about crude settling below $20 by year end - do you think OPEC will let the speculators take over again here ? If fundamentally - analysts see crude settling under $20 by year end "if" OPEC eases production - THE ONLY QUESTION THAT NEEDS TO BE ASKED IS: Do you think OPEC would turn over the price of Oil once again to the speculators in a negative sentiment market ? ... a rhetorical question folks. OPEC will not cut - because they can't ! The speculators will be dying to take this to the other extreme on any wavering here - OPEC knows it. It will take $30+ to settle down to $22ish. If they ease here - we could see $16 Brent - and they dont want that. The world functions just peachy at $25 Brent - bank on it. The way to guarantee $25 Brent for the next 18 mos, is to take it to about $32ish.... just watch what they do.

To: Think4Yourself who wrote (59678)	2/3/2000 5:55:00 PM
From: Crimson Ghost	Respond to of 95453

John Q Puvlic: You are absolutely correct. Washington does not want ultra low oil prices. That would threaten the stabiity of allied regimes. And the US did support the initial OPEC cuts. But the other side of the coin is that the US does not like "high" oil prices either (high being defined as over $20 or $21). Their preferred target is $18-20 WTI. BTW, there was an article on Bloomberg yesterday pointing out that oil prices are not that high in real terms. Still in line with long-term averages and far below the 1970s. But our generally anti-oil media did not give it much publicity.