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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: steve dietrich who wrote (503940)12/5/2003 12:40:36 AM
From: AK2004  Read Replies (1) | Respond to of 769670
 
it has nothing to do with devalued $$$. Decrease is well within acceptable to opec range. Opec is getting concerned about oil from iraq and russia - that screws up their price-fixing scheme



To: steve dietrich who wrote (503940)12/5/2003 3:53:18 AM
From: Kenneth E. Phillipps  Read Replies (1) | Respond to of 769670
 
The Organization of Petroleum Exporting Countries is pursuing a price of about $30 (U.S.) for oil to offset purchasing power lost to the decline of the American dollar against other major currencies.

It left output limits unchanged at 24.5 million barrels a day but will meet again Feb. 10 when it is expected to turn down the taps before spring demand falls.

thestar.com


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