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To: Andrew G. who wrote (95815)4/18/2001 2:31:59 PM
From: edamo  Read Replies (2) | Respond to of 436258
 
andrew g...

yes we produce and sell, but strong dollar will cause lower per barrel pricing on opec crude.....it's part of the charter...as dollar strengthens against currency of opec countries (unless of course the currency, like the rial, is linked with the dollar), the currency conversion adjustment goes into effect...works both ways and will until oil is priced in other then usd....look at historical crude pricing compared with strength of dollar and condition of us economy...is it coincedental? what is the cause and what is the effect.....dollar value has much impact, not just perceived supply and demand issues......demand has yet to outstrip crude supply, just a supposed limitation on refining capacity....most of the well heads have been turned off in the south china sea since 1998.... and much of the asean refining capacity is idle....