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

To: Chuzzlewit who wrote (15805)	3/21/1998 4:13:00 PM
From: RGinPG	Read Replies (1) \| Respond to of 95453

Well, I guess you have to assume that the manipulation itself is part of a predictable pattern. Let me ask your opinion on something. After reading some of the news articles in the last few posts, I'm thinking there must be a reason why oil never stays in this price range for long. Here's my logic---> 1) Price of oil falls 2) Oil exporting countries begin to lose income 3) Oil exporting countries increase production to compensate for lost income 4) Price of oil falls painfully low 5) Oil exporting countries economies suffer 6) Economic unrest leads to social unrest 7) Social unrest leads to conflict 8) Conflict leads to higher oil prices I'm hoping things are different this time. Decreasing production voluntarily makes more economic, environmental, and social sense. Unfortunately, things don't usually work that way.