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To: Victor Lazlo who wrote (113675)	12/30/2000 12:46:40 AM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

>> date of OPEC's Jan mtg? There's a chance they may vote to cut production. I think it is in late January. I don't think they'll cut, except if price is under $22/brl. In any case, their plan is to keep oil between 22 and 28. Which is probably OK for everyone, especially the E&P companies. But OPEC might not need to cut any production at all. Iraq has not sold much oil for over a month. And as long as that suspension is in place, there will not be excess supply. How were the latest inventory figures ? I think they were at all time low, even though imports were at all time high. I wonder if talk of oil glut is just b.s. from US energy dept. to give the impression of oil glut and to cause lower prices that way.