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To: marc chatman who wrote (28648)	8/31/1998 2:33:00 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 95453

MC--They have no means of transport, and no real infrastructure to export other than to other broke ex- USSR nations. They could care less what the price is. If you never pay wages or anything else, what can it cost to produce? A penny would be 100% profit. As I said before, the real problem is there is nothing left to loot, so now we have a crisis in Russia. A power vacuum, that most likely will be filled by the military, or the commies, or both.

To: marc chatman who wrote (28648)	8/31/1998 2:36:00 PM
From: Katherine Derbyshire	Respond to of 95453

Russia seems incapable of commenting. A post on this thread quoted the oil ministry (by way of Reuters) as basically having no idea what the current policy on oil exports was or whether it had changed. That kind of cluelessness at the top worried me more than anything else I've seen about the Russian crisis. Katherine Edit: Here's the post I mentioned: Message 5631345

To: marc chatman who wrote (28648)	8/31/1998 2:54:00 PM
From: Nello Filippone	Respond to of 95453

Marc, From what I have read, the only pipeline that the Russians have with spare capacity leads to areas (I guess Asia) where they don't want or need any more crude. Combine this with the fact that the have not been paying their workers under normal operations, they were on a one day strike yesterday (Reported by CNN). What's the incentive to work harder to increase production? IMHO Even if they could increase production 100,000 BD (Seriously doubt) at these prices what's an extra Million Dollars a day going to do for the economy? If things get really bad (very possible) I would be more concerned about them selling some of their Nuke Technology. -- Another Analyst coming on CNBC in the next hour. Nello