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To: Gameboy who wrote (27551)	8/11/1998 9:33:00 PM
From: marc chatman	Respond to of 95453

Just when you think it can't get any better, here's a nice thought. A combined BP/Amoco could look to cut exploration expenses. newsalert.com I hope this wasn't posted already.

To: Gameboy who wrote (27551)	8/11/1998 11:48:00 PM
From: Snowshoe	Respond to of 95453

Gameboy, If you find some statistics that contradict last week's IEA report on poor OPEC compliance, please provide them. If the figures are wrong, why doesn't OPEC stand up to refute them? Why are Reuters, the WSJ, and the market taking this information so seriously? -Greg

To: Gameboy who wrote (27551)	8/12/1998 5:05:00 PM
From: Snowshoe	Read Replies (1) \| Respond to of 95453

Gameboy, U.S. Energy Info Admin (EIA) doesn't think OPEC will reach its $17/barrel target price until after 1999, even with further production quotes: "EIA's Short TermEnergy Outlook (August Internet update) noted that recent production cuts by OPEC and others have stabilized prices in the $12-$13 per barrel range but that is far short of the OPEC target of $17 per barrel. While a cold winter, faster Asian demand recovery, or further production cuts could boost prices by about $2 per barrel, the recovery to the target was unlikely through 1999" Source: eia.doe.gov -Greg