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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: 007 who wrote (14293)	3/10/1998 9:20:00 AM
From: David Spruiell	Read Replies (1) \| Respond to of 95453

Businessweek Article from Nov. 1997 "Add all that up and you have the recipe for a possible explosion in oil production. The only way Saudi Arabia can discipline OPEC quota violators is to step up its own production dramatically, which would cause oil prices to plummet. That's what happened in the mid-1980s, when the world price of crude briefly dipped below $10 a barrel. Says Yamani, the former Saudi Oil Minister: ''What happened in 1985-86 might be repeated." businessweek.com Oil price will hinge on the Saudi policy this weekend. As for the archived article, it was fun to see their predictions of 97. David