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

To: stevedhu who wrote (41686)4/6/1999 3:55:00 PM
From: dfloydr  Read Replies (1) | Respond to of 95453
 
<<got any idea of about when news will start coming out
about OPEC keeping or not the quotas?>>

The whole point of a market economy is to let price reflect all that is known. Right now the price of Oil is around $16.50/bbl vs. $10 to $11 a few weeks ago. By the time someone gathers data about cheating and distributes it to a point where you and I can learn of the cheating, the players in the market will have adjusted prices accordingly.

I think the first place you will see any hint of cheating is in the price of oil. If additional supplies come on to the market, price will erode. As "Big Dog" says:

It's the price of oil, stupid" <vbg>



To: stevedhu who wrote (41686)4/6/1999 5:13:00 PM
From: RealMuLan  Respond to of 95453
 
I think I read from this thread that someone said because of the time of shipping, the effect of cut won't be shown until June.


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