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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Libbyt who wrote (10498)	11/13/2001 9:29:17 PM
From: The Ox	Read Replies (1) \| Respond to of 23153

Thanks for getting back to me on HOC. Your points are valid and I didn't take them into consideration when reviewing the company. I'm curious why you think *we are headed into a period when we most likely will see a higher cost for oil and energy.* OPEC's trying to rally the troops for more production cuts and there's even talk about a potential price war in crude if all the parties can't cooperate on output levels. Economic indicators have yet to improve enough where stronger demand for crude would be in the cards. On the plus side we have additions to the SPR and winter being just around the corner, so it's important to consider the possibility that crude prices could see greater support. The weak global economy still implies to me that it's too appealing to cheat right now... a bird in the hand, so to speak. With the latest "cheating" number at nearly a million barrels a day, I believe OPEC is better off straightening out it's own group first before they start pressing non-OPEC nations to cut production. The do as I say, not as I do theory won't work in my opinion.