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To: Charles A. King who wrote (8912)3/13/1998 11:59:00 AM
From: Charles A. King  Respond to of 13091
 
Oil producer group OPEC will fade into irrelevance if it cannot come up with a strategy for combating the worst price slump in years, analysts said on Friday.

nando.net

OPEC produces about 28 million barrels a day compared to total world production of 63 million b/d and is becoming more irrelevant as alternate global reserves are developed.

Charles