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

To: Platter who wrote (39495)	3/10/1999 1:55:00 PM
From: SargeK	Respond to of 95453

OPEC cuts "Twice last year, OPEC agreed to cut supply, by a final total of 2.6 million barrels a day, though as of February the producers made less than 80 percent of the cuts they promised." How about that. They cut 80% which is a 2.08mbpd reduction in real terms and the spinners turn that into a negative. If OPEC promises a 1.5mbpd in this next round and only comply by 80%, that will result in a real 1.2mbpd reduction which combined w ith unexpected increases in world wide demand and domestic cuts which are already affecting the equation - we will see OSX 100 well before the end of the year. U heard it hear first. <grin> SargeK