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To: Archie Meeties who wrote (21111)	9/23/2000 2:46:13 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 436258

<<What is gone is any impetus for OPEC to officially raise quotas. On the other hand, I don't expect any members to cut back production as they see the price decline. They might say that they will, but they've been exceeding their quotas all year long - those that can.>> I have to disagree with you here, Arch...OPEC is pi$$ed off. The higher prices WERE the reason they were cheating on and raising their quotas, and I think they will roll back the quotas with their next meeting. There are lots of other inflationary forces at work now besides energy...wage price inflation is just getting started, as are health care costs (which effect virtually every U.S. industry). The dollars weakness (if it continues) will contribute as well...Time will tell; what the SPR release does do is moves the timetable back a bit (maybe a few months untill after the election).