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To: Swede who wrote (16368)3/24/1998 5:05:00 PM
From: upanddown  Read Replies (1) | Respond to of 95453
 
Remember, this is not your usual OPEC move -- Mexico, et al, rachets the game up a notch.

Mexico helps a lot but with most of OPEC in line, it seems like Norway is the key non-OPEC producer now. Last I heard they were considering but no decision yet. If they go along, it would give a lot more credence to the cuts. Problem is they are one of the few big producers with a vibrant economy outside oil and a huge budget surplus.

Anyone know of a news link with geopolitical news on oil ? Oil/Energy news links like Yahoo seem to be mostly trivia (new VP at......).

John



To: Swede who wrote (16368)3/24/1998 5:09:00 PM
From: HH  Read Replies (1) | Respond to of 95453
 
Agreed Swede , Now give your Norwegian cousins a call and
get them on board.-g-

I still think (as you suggest with Mex et al) The price collapse
in crude goes beyond OPEC and cheating. The oil producers
have some much incentive to stabilize the market.

HH


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