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To: zonder who wrote (149988)	11/12/2002 10:58:22 PM
From: Victor Lazlo	Read Replies (1) \| Respond to of 164684

<< Due to the concentration of low-cost reserves in the Persian Gulf, the Saudis and some of the Gulf producers are likely to play a growing role in regulating oil prices and may be in a position to exercise, or even be politically motivated to exercise, considerable monopoly power on oil prices. << Whoever wrote that, wherever you heisted it from, the author reveals a considerable ignorance of the current situation with respect to US demand for mideast oil, and the dynamics of OPEC. I have posted a summary in the past on this thread. I'd be happy to review this again for your benefit, as I realize you are fairly new here. Victor