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To: wizzards wine who wrote (4644)	7/11/1998 12:32:00 PM
From: Giordano Bruno	Read Replies (1) \| Respond to of 34811

*Off Topic* Preston, Iran's justification and a revised outlook. Friday July 10, 5:53 pm Eastern Time Iran didn't agree to Riyadh pact terms - Quiros CARACAS, July 10 (Reuters) - Alberto Quiros Corradi, a top Venezuelan oil adviser, said Friday that Iran didn't agree with the ground rules of the Riyadh pact to cut oil output and he suspected they were breaking the agreement for that reason. Quiros, who was a key member of Venezuela's team in the Riyadh talks, said Iran didn't agree that cuts should be made from real production, but rather from its OPEC quota, which was higher than its production level. ''In Iran, one could talk of violation because the real point of departure of its measures was not the one agreed to,'' he told a local radio station. ''Iran was always reluctant to accept the rule that the cut should be measured from real production instead of quotas...It so happened that Iran was producing less than its quota so they wanted to go back to the concept of quotas and, of course, everyone opposed that.'' Quiros, who despite his seniority in Venezuelan oil circles is neither a staff member of state oil company Petroleos de Venezuela (PDVSA) nor a Ministry employee, said he, therefore, suspected that Iran was violating what it had ostensibly agreed with other members of the Organization for Petroleum Exporting Countries (OPEC). ''I suspect, and it is only a suspicion, that they are ignoring the real production agreement and measured their cut from a higher level. That could represent about a 200,000-barrels-per- day (bpd) difference,'' he said. Although it had an official OPEC quota of 3.942 million bpd, Iran agreed in March to cut by 140,000 bpd from its real output level, which was established at 3.623 million bpd. Venezuela's state oil company Petroleos de Venezuela (PDVSA) and the Energy and Mines Ministry have given mixed signals about its compliance with its commitment. On Monday, PDVSA President Luis Giusti said Iran broke the agreement by 230,000 bpd, and he was backed up by PDVSA first vice president Claus Graf, who confirmed the figure. But Energy and Mines Minister Erwin Arrieta contradicted them Friday, saying he had no evidence of violation. Iran emphatically rejected Giusti's accusation on Wednesday, blaming the current crisis in oil markets on Giusti and asking him not to rely so much on ''secondary sources'' for production data. In the Riyadh pact, producers agreed to use secondary sources as the measure of production, since governments have used false data in the past. In its monthly survey of OPEC oil output, Reuters found that Iran produced 3.72 million bpd in April, 237,000 bpd above the level agreed in the Riyadh pact. Quiros said that Iran's non-compliance, added to a 400,000 bpd increase in Iraqi output, which wasn't included in the Riyadh pact, meant that OPEC's declared 1.245 million bpd cut from April only removed about 500,000 bpd of oil from the market. After the Riyadh pact failed to lift oil prices significantly from their 10-year lows, OPEC agreed in Vienna, following preliminary talks in Amsterdam, to another set of cuts, bringing the group's total agreed cut to 2.6 million bpd. ''I hope the Amsterdam agreement that starts on July 1 will have an effect on the inventories during August and that in September we should start to see a small recovery in prices, and this should become more apparent in October, November and December,'' Quiros added.

To: wizzards wine who wrote (4644)	7/11/1998 1:00:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 34811

Saturday Morning Funnies: Real men answer C. to each of the following questions. 1. Alien beings from a highly advanced society visit the Earth, and you are the first human they encounter. As a token of intergalactic friendship, they present you with a small but incredibly sophisticated device that is capable of curing all disease, providing an infinite supply of clean energy, wiping out hunger and poverty, and permanently eliminating oppression and violence all over the entire Earth. You decide to: A. Present it to the President of the United States. B. Present it to the Secretary General of the United Nations. C. Take it apart. 2. As you grow older, what lost quality of your youthful life do you miss the most? A. Innocence. B. Idealism. C. Going into the ladies room with your mom. 3. When is it okay to kiss another male? A. When you wish to display simple and pure affection without regard for narrow-minded social conventions. B. When he is the pope. (Not on the lips.) C. When he is your brother and you are Al Pacino and this is the only really sportsman-like way to let him know that, for business reasons, you have to have him killed. 4. What about hugging another male? A. If he's your father and at least one of you has a fatal disease. B. If you're performing the Heimlich maneuver. C. If you're a professional baseball player and a teammate hits a homerun to win the World Series, you may hug him provided that: (1) He is legally within the base path, (2) Both of you are wearing sufficient protection, and (3) You also pound him fraternally with your fist hard enough to cause fractures. 5. In your opinion, the ideal pet is: A. A cat. B. A dog. C. A dog that eats cats. 6. You have been seeing a woman for several years. She's attractive and intelligent, and you always enjoy being with her. One leisurely Sunday afternoon the two of you are taking it easy-you're watching a football game; she's reading the papers-when she suddenly, out of the clear blue sky, tells you that she thinks she really loves you, but, she can no longer bear the uncertainty of not knowing where your relationship is going. She says she's not asking whether you want to get married; only whether you believe that you have some kind of future together. What do you say? A. That you sincerely believe the two of you do have a future, but you don't want to rush it. B. That although you also have strong feelings for her, you cannot honestly say that you'll be ready anytime soon to make a lasting commitment, and you don't want to hurt her by holding out false hope. C. That you cannot believe the Jets called a draw play on third and seventeen. 7. Okay, so you have decided that you truly love a woman and you want to spend the rest of your life with her - sharing the joys and the sorrows, the world has to offer, come what may. How do you tell her? A. You take her to a nice restaurant and tell her after dinner. B. You take her for a walk on a moonlit beach, and you say her name, and when she turns to you, with the sea breeze blowing her hair and the stars in her eyes, you tell her. C. Tell her what? 8. One weekday morning your wife wakes up feeling ill and asks you to get your three children ready for school. Your first question to her is: A. "Do they need to eat or anything?" B. "They're in school already?" C. "There are three of them?" 9. When is it okay to throw away a set of veteran underwear? A. When it has turned the color of a dead whale and developed new holes so large that you're not sure which ones were originally intended for your legs. B. When it is down to eight loosely connected underwear molecules and has to be handled with tweezers. C. It is never okay to throw away veteran underwear. A real guy checks the garbage regularly in case somebody-and we are not naming names, but this would be his wife-is quietly trying to discard his underwear, which she is frankly jealous of, because the guy seems to have a more intimate relationship with it than with her. 10. What, in your opinion, is the most reasonable explanation for the fact that Moses led the Israelites all over the place for forty years before they finally got to the Promised Land? A. He was being tested. B. He wanted them to really appreciate the Promised Land when they finally got there. C. He refused to ask for directions. 11. What is the human race's single greatest achievement? A. Democracy. B. Religion. C. Remote control