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To: Tim Luke who wrote (8564)	3/20/1999 3:26:00 PM
From: SE	Respond to of 99985

I have read two of Zapman's articles now. The first one I disagreed with wholeheartedly and this one has an error in it....Dow cracked 1,000 in 1966. Hmmm....do I give this joker a third shot? -Scott

To: Tim Luke who wrote (8564)	3/20/1999 6:01:00 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 99985

Arabs to slice oil output by 1 million barrels a day April 1 Copyright © 1999 Nando Media Copyright © 1999 Agence France-Press By MAHER CHMAYTELLI ABU DHABI (March 20, 1999 4:05 p.m. EST nandotimes.com) - Gulf Arab states have agree to cut 1 million barrels per day(bpd) off oil output as of April 1, with Saudi Arabia leading the charge aimed at boosting prices, Gulf oil ministers said here Saturday. The Saudi kingdom will chop its own output by 585,000 barrels per day (bpd) as part of an agreement it reached on March 12 with other major producers, Saudi Oil Minister Ali Ibrahim al-Nuaimi announced. Nuaimi said Organization of Petroleum Exporting Countries members would cut individual quotas by 7.3 percent and he was joined by his Gulf Arab counterparts in endorsing the agreement in The Hague for a total of more than two million bpd in cutbacks. The new OPEC quota of Saudi Arabia will fall to 7.438 million bpd.