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To: Mike from La. who wrote (39133)	3/6/1999 10:29:00 PM
From: Think4Yourself	Read Replies (2) \| Respond to of 95453

OPEC will agree to modest cuts. Oil demand will improve CQ3-4 and members start cheating again saying situation changed. Venezuala will drag feet complying. That's my prediction.

To: Mike from La. who wrote (39133)	3/7/1999 1:11:00 AM
From: Elmer	Respond to of 95453

FWIW, here is my prediction: Iran and Saudi Arabia (and the rest of OPEC of course) will agree to meet in the middle of their 300,000 barrel dispute on Iran's production baseline. This will enable OPEC to cut by 1.25 mmbpd with another .25 mmbpd of cuts coming from Non-OPEC producers for a total cut of 1.5 mmbpd. The cuts will last until the end of 1999. Also, the cuts already in place will be extended through the end of the year. $18 oil by year end!!! Always the Optimist, Elmer

To: Mike from La. who wrote (39133)	3/7/1999 2:13:00 AM
From: Ahmed Elneweihi	Respond to of 95453

They will not agree to new cuts but they will agree to adhere to the previously agreed upon cuts. Some Non-OPEC members will make some cuts. No more than 0.5 million bpd of additional cuts will result and oil will still go to at least $16.5 (target of the head and shoulder formation on the weekly continuation chart) because of higher than expected demand, especially from Asian countries and lower than expected supply because of marginal wells shut in.

To: Mike from La. who wrote (39133)	3/7/1999 8:05:00 AM
From: John Carpenter	Respond to of 95453

My prediction for March 23's OPEC meeting is that the producers will merely rollover the existing agreed cuts.

To: Mike from La. who wrote (39133)	3/7/1999 9:12:00 AM
From: Snewts	Read Replies (1) \| Respond to of 95453

Re. OPEC meeting contest. For the approximately one hundred different reasons mentioned here and elsewhere, they must cut, and they will cut. The most compelling reason to cut is because the other two main alternatives would cause too much pain for the producing countries. Doing nothing would cause a continuation of the current situation in which no one is winning, and in my opinion there is no chance of SA or anyone else (except Irac of course) going to maximum production and attempting to flood the market. I see a cut of about 1.2 to 1.8 million with buy-in from Ven., Mex., and even a token cut from Russia.

To: Mike from La. who wrote (39133)	3/7/1999 1:35:00 PM
From: Robert H.	Read Replies (1) \| Respond to of 95453

RE: OPEC There will be a pre- and post OPEC run-up. Signs of institutional interest were evident last week. The weak hands and MO-MO took profits on Friday; but will be back again this week, and will hold positions on Friday. OPEC will hit the shorts with a new 1.5-2 mbpd cut. I expect to see a pullback around mid-April with a stabilization of the market throughout the summer and 16.00 oil by Sept. Y2K will be the big push for oil in the last Qtr. ....Crystal ball starting to fog up again.