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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Ahmed Elneweihi who wrote (39131)	3/6/1999 10:20:00 PM
From: Mike from La.	Read Replies (8) \| Respond to of 95453

OPEC meeting contest. Every one who has an opinion. What is your guess as to the most likely outcome of the OPEC meeting, IN 25 WORDS OR LESS. After the meeting, we bring up all the predictions, and see who's right. Let's get it right out there. No guts, no glory. Separate the men from the mice. Only one post per person. Are we on? Mike

To: Ahmed Elneweihi who wrote (39131)	3/6/1999 10:26:00 PM
From: Think4Yourself	Respond to of 95453

sheesh- $12 oil is destabilizing the ME region now! Anybody been following what's been going on over there? Iran and Iraq are going at each other, those disputed islands, increased militant action in Saudi Arabia, etc, etc, etc. similar situation occurring in South America. The producers WANT to come to an agreement at this OPEC meeting. It is in no ones best interests (as producers) to allow oil to stay at these levels. The message being sent is "If every one is not going to comply (Venezuala, Mexico, you listening??) then you can all smeg off and die because we will drive the price so low that your industry will be shut down and bankrupted!" It is my opinion that this is indeed the message that needed to be sent. One thing that has been COMPLETELY ignored is that Venezuala is (finally) coming into compliance, reducing supply. Everyone is brushing it off because it was supposed to have been done a long time ago. Guess what? regardless on when it was supposed to have been done, it's being done now is reducing supply NOW! This fact seems to have somehow been lost in all the pre-meeting BS.