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To: Telemarker who wrote (73017)	9/11/2000 3:17:05 PM
From: Jon Cave	Read Replies (1) \| Respond to of 95453

OPEC president warns of possible oil capacity crisis OPEC president warns of possible oil capacity crisis VIENNA, Sept 11 (Reuters) - OPEC President and Venezuelan Oil Minister Ali Rodriguez said a possible world oil production crisis was approaching as producers in the cartel were nearing their capacity limits. "We are approaching a crisis of great proportions because oil production capacity is reaching its limit," he told a news briefing after an OPEC conference. Saudi Arabia was one of the few countries remaining with spare capacity and Rodriguez said that the world's number one oil exporter could act as "a tuning producer." He said there were many factors behind the current oil price spike that escaped OPEC's control such as refinery bottlenecks, transport restrictions, high taxes in oil importing countries and excessive speculation in financial markets. ((Tom Ashby, OPEC Newsroom +431 713 2698)) REUTERS * end of story * (REUTERS) OPEC president warns of possible oil capacity crisis OPEC president warns of possible oil capacity crisis VIENNA, Sept 11 (Reuters) - OPEC President and Venezuelan Oil Minister Ali Rodriguez said a possible world oil production crisis was approaching as producers in the cartel were nearing their capacity limits. "We are approaching a crisis of great proportions because oil production capacity is reaching its limit," he told a news briefing after an OPEC conference. Saudi Arabia was one of the few countries remaining with spare capacity and Rodriguez said that the world's number one oil exporter could act as "a tuning producer." He said there were many factors behind the current oil price spike that escaped OPEC's control such as refinery bottlenecks, transport restrictions, high taxes in oil importing countries and excessive speculation in financial markets.

To: Telemarker who wrote (73017)	9/11/2000 3:36:19 PM
From: diana g	Respond to of 95453

<<Off Topic>> "...Can you tell us how you fell about the utility of paper currency?" It fills the place gold did at one time, as have seashells and various other things in different times and places. That is, people agree among themselves that some nonutilitarian thing has value, and therefore it does. When people stop believing it has value, it won't have it any longer, as has been demonstrated historically more than once. If anyone wants to make a case for a commodity-backed currency, I would be hard pressed to argue against them. But it would have to be a Useful commodity. Gold isn't it, imho. regards, diana