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To: hobo who wrote (54994)1/6/2001 5:02:37 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
<<-- The members of the Organization of Petroleum Exporting Countries have agreed to cut production by 1.5 to 2 million barrels a day to boost prices, Kuwait's oil minister said Saturday.>>

HO HO HO! And those guys are our bestest buddies within OPEC!<G>



To: hobo who wrote (54994)1/8/2001 10:36:56 AM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
OPEC will have no choice...unless it wants to see a complete collapse in the price of crude. production cuts are the only rational reaction to weakening economic trends. it is btw. BETTER for the long term health of the energy markets and the economy in general when a price collapse in crude is avoided. otherwise supply shortages will eventually get even worse than they have recently proven to be.


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