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To: GST who wrote (112116)11/25/2000 5:50:26 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
GST,

Iraq is never going to stop their flow of oil. It is a non event.



To: GST who wrote (112116)11/25/2000 10:23:50 PM
From: Victor Lazlo  Read Replies (1) | Respond to of 164684
 
GST, I think you're getting a bit too excited again.

The major oil producers could ramp up production quite a bit if they wanted to, but they're afraid of getting burned like they have in the past, when they ramped and the prices dropped. I think that if they thought oil was going to $50/barrel, they'd ramp up, and they're really not doing that.

In fact, one former opec official believes that oil will be at $12 barrael this Spring.

Victor


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