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To: Czechsinthemail who wrote (24032)6/13/1998 9:41:00 AM
From: chuck weir  Respond to of 95453
 
OPEC Cuts...When they announced their agreed upon cuts earlier this year, what was the actual fudge factor? 20 - 25%...May production figures vs cuts agreed upon in March? If we see a similar fudge factor with the current round of cuts, will consumption be above
production? OPEC accounts for 40% of the worlds oil production...sounds like a license to steal for the other 60%.