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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Big Bucks who wrote (8843)	2/11/2004 9:45:16 AM
From: chomolungma	Respond to of 25522

OPEC is manipulating the oil price like DeBeers manipulates diamond prices by controlling supply... OPEC's market share is in the mid 30's, DeBeer is something like 90%. While OPEC is important, it hardly "manipulates" the price of oil. OPEC has no intent on meeting an oil price between $22 and $28/bbl as they stated before. The value of the dollar has declined since those targets were announced. Clearly they will "try" and keep the price at a higher level to assure their income.