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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: kollmhn who wrote (5015)11/12/2001 8:57:45 AM
From: The Ox  Read Replies (1) | Respond to of 206322
 
Until OPEC stops cheating (by almost 1 million bpd), Iran's demand for non-OPEC producers to "cooperate" will fall on deaf ears. With the global recession taking a bite out of economic activity combining with falling oil prices the incentive to cheat is very high for most producing countries. It's pretty hard to justify pointing the finger at others when you're guilty of the same action. It's going to take a combination of discipline by all producing countries plus a colder than normal winter to support higher oil prices, IMO. Either that or a disruption of oil flow from "the war" to jolt the prices upward in the short term.



To: kollmhn who wrote (5015)11/12/2001 11:00:13 AM
From: Archie Meeties  Respond to of 206322
 
OPEC can't comprehend that the FSU is not in a position to control oil flow. In the end, the free market wins every time - the FSU, of all places, knows this.


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