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To: marginmike who wrote (38977)	5/13/2002 7:53:26 PM
From: John Madarasz	Respond to of 209892

Energy watchdog sounds warning on oil output By Toby Shelley Published: May 13 2002 09:45 \| Last Updated: May 13 2002 14:45 Oil producers should prepare to increase output or risk launching the market back on to the switchback ride of 1999 that saw industrialised countries' stocks plunge and prices soar, the International Energy Agency said on Monday. In its latest monthly report, the IEA, the OECD's energy security watchdog, issued a thinly veiled plea to the Organisation of Petroleum Exporting Countries to consider raising exports when it meets next month. "In 1999 markets demonstrated that they can turn quickly, contributing to extreme price volatility and instability. Producers will need to make timely decisions to meet market demand," the report warned. news.ft.com dailynews.yahoo.com