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To: marc chatman who wrote (14968)3/16/1998 10:02:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (1) | Respond to of 95453
 
so is that playing chicken....

no one is willing to cut down until it gets so bad that someone has to cave?



To: marc chatman who wrote (14968)3/16/1998 10:06:00 PM
From: 007  Respond to of 95453
 
<OK, here's a theory: The US is making huge payments or huge promises to Venezuela in return for Venezuela pumping as much oil as possible.>

True, but unfortunately no juicy manipulation needed. The US is the largest consumer of their oil, so in effect, we're making huge payments to them. And the more they produce, the higher their US market share. So it's just the free market at work now without much of the distortion that the cartel is designed to create.
007


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