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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Roebear who wrote (30779)	2/28/2000 1:45:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

People who matter in Oil industry in Middle East have much more saner view of this untenable oil price, Zaki A. Yemani has already spoken in favor of lower oil prices, this short term pop will lead to long term pain and thati s exactly what Saudis want to avoid. Fiscal policies based on pops fizzle out with disasterous consequences, they know it well they would rather have a 'consistent rev stream' on stable oil prices than boom and bust rev stream on strong oil prices, based on this I would assume that we will ideally look at 19-22$ as prices that the swing producers within OPEC would agree.. fwiw