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To: Think4Yourself who wrote (63540)3/31/2000 10:36:00 AM
From: BigBull  Read Replies (1) | Respond to of 95453
 
Deeeeefense - OPEC is rushing the linebackers through the slots. The reaction is beginning.

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quote.bloomberg.com

OPEC is ``very serious' about keeping oil prices within the
$22 and $27 bracket and is prepared to adjust production to defend
that price range, said Rachmat Sudibyo, director general of oil
and gas at Indonesia's ministry of mines and energy.
``OPEC members have decided we won't wait until prices fall
to $10 a barrel before acting, like it did previously,' he said.

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BTW I strongly question whether the DOE "caught" anything. Mysterious barrels of gasoline, all of a sudden showing up out of nowhere? Hmmmmmmm. I smell a big fat rat. The timing of this announcement is just toooo precious, by that I mean tooo political. Kinda reminds of the guy from the Oklahoma tank farm. Oh yeah, The tanks are just full to the brimming. Riiiiiiight! I wonder if futures traders will believe? I have my doubts.