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Politics : Impeach George W. Bush -- Ignore unavailable to you. Want to Upgrade?

To: Bald Eagle who wrote (10400)	2/5/2002 8:09:33 AM
From: jttmab	Respond to of 93284

I recall that OPEC pretty much likes to keep the price of a barrel in the vicinity of $21/barrel. Below $21/barrel lower yield wells [typically west Texas] become unprofitable. While oil prices are volatile, they'll tend to pump down prices if the volume of west Texas crude goes up... There was a story last year that the Administration prefferred the price of oil to be above $21/barrel, so it would encourage oil exploration. jttmab