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Gold/Mining/Energy : Oil & Gas Price Economics -- Ignore unavailable to you. Want to Upgrade?

To: kingfisher who wrote (318)	11/12/2000 4:53:49 PM
From: Ed Ajootian	Respond to of 350

R. Barbe, "Cute" article. I wonder how oil prices will respond to the apparent decision not to increase production any more. I think we could see $40 by the end of the year. Thanks guys for the info. on companies hedging plans. This is a very interesting question, IMO, what a company should do in this environment. Particularly more interesting for oil than gas, IMO. For oil, by not hedging, you are by implication making a bet that OPEC has learned its lesson of a coupla years ago and will in fact decrease production when prices start coming down. Not so sure that this is a bet I would make, or at least not with all of the company's production.