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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: MrGreenJeans who wrote (14324)	6/9/2000 2:46:00 PM
From: edward miller	Read Replies (1) \| Respond to of 15132

So basically you are arguing that OPEC members will ignore the severe pain their economies recently suffered due to low prices so that we can have cheap energy. I disagree. The OPEC members are behaving differently, even if the difference seems subtle. They are working much harder than ever before to avoid the economic catastrophe that their people just went through. I think they will be very cautious about raising supply. "Historically, when energy prices are high OPEC members quietly cheat the OPEC quotas so they can make more money. If this axiom holds, I think it will, it will mean a decrease in oil prices."