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

To: Ken Robbins who wrote (40808)	3/25/1999 9:07:00 AM
From: Gary Burton	Read Replies (2) \| Respond to of 95453

Note to Diana--re "If I were OPEC, I would want other producers to believe that I might increase production at any time.This would discourage investment in e&p thereby protecting my members' market share"---Diana, I think you may have hit the nail on the head here. Rodriguez' comments may have let the cat out of the bag as to what OPEC's real plan is--to put a cap on new drilling etc by keeping the price at say 15-17 nymex rather than letting it get near 20. OPEC intends to cheat to keep the price from causing a boom. It's not really cheating in their eyes since they would have planned for it under the table all along.....So, where does this leave the drillers Big?