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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Tony van Werkhooven who wrote (15133)	3/23/1998 8:30:00 AM
From: Tommaso	Respond to of 18056

The speed with which the producers arranged to cooperate and the immediate jump in oil prices may convince those both inside and outside OPEC that they will all--to use the cliche--have to hang together or hang separately. The free world market in oil will, of course, always tempt individual countries towards overproduction, and there's no way to penalize them for it. I suppose that what this means is that we can count on oil prices to go up and down constantly--unlike diamonds, which are controlled by a single cartel.