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To: Steve Lee who wrote (35405)9/17/2000 11:29:01 AM
From: LLCF  Respond to of 64865
 
<What makes you say this? I happen to know you are wrong but am interested in your reasons for thinking this>

It was on CNN... give 'em a call.

<OPEC are treading a fine line between maximising revenues, and forcing the rest of the world to further reduce their dependency on oil (thus damaging their own market). >

No doubt... but then there's IRAQ... currently pumping LOTS, they don't care about any of this.

<The idea that we may go short of oil, due to capacity is ludicrous. >

Back up analysis or supporting info would be nice when making such a claim.

DAK



To: Steve Lee who wrote (35405)9/17/2000 12:47:57 PM
From: JDN  Respond to of 64865
 
Dear Steve Lee: Aha, I see you DO KNOW about oil!! For any who have forgotten, IMHO Arabs are among the best TRADERS in the world. I suspect they and the oil cartel are playing a game of chicken with no one fully showing their hand. But, since its imperative to them all that we keep using oil and not other resources all we need do is remain calm and watch the drama unfold. JDN


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