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To: Alomex who wrote (131676)9/20/2001 10:42:09 PM
From: Victor Lazlo  Respond to of 164684
 
OEPC states do not have the effect they once had on oil prices. The vagaries of oil prices are much more complex and involved than just what production opec does.

Much oil consumption in the west has been replaced with nat gas.

OPEC is not as powerful these days re world oil prices.