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To: Tommaso who wrote (63107)	3/27/2000 8:42:00 PM
From: upanddown	Respond to of 95453

Interesting post, Tommaso. Sounds like 1.7 is the absolute upper end but the price hawks won't allow 1.7 because a high-end number would look like capitulation and so will demand a compromise. The doves can then say to the consuming countries, "well we tried but 1.4 - 1.5 was the best we could get now...we'll re-visit in three months". Bullish for near-term prices but question is whether stocks have gotten ahead of themselves and we get a "sell the news" reaction. John

To: Tommaso who wrote (63107)	3/27/2000 9:26:00 PM
From: Archie Meeties	Respond to of 95453

Does anybody get the sense that OPEC floated the 1.7 million number (with a little help from Bloomberg) to test the sentiment in the pits? I think they spent the weekend luxuriating - just now getting down to business. Business in this case is each nation posturing for political reasons - the Saudi's/Kuwaitis as the Wests' advocates for 1.7, the Algerians/Iranian for less, the Iraqis for a further cut. Meanwhile, Mexico played its card well by announcing a boost in production pre-OPEC, and it turns out Norway is at its limits, or very close. The closing spike in natural gas may be a setup for a push downward tomorrow morning and some dragging of the selected stocks with it, but just a momentary, intraday flutter in any case. ...Waiting for OPEC, The Taming of the Crude, The Eleven Against the bs, etc.