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To: Brent Hogenson who wrote (42016)	4/10/1999 6:24:00 PM
From: Razorbak	Read Replies (2) \| Respond to of 95453

Iraq's increased production is only part of the problem. The rest of the problem is reduced worldwide demand (especially in Asia) compared to 18 months ago. Razor

To: Brent Hogenson who wrote (42016)	4/10/1999 10:58:00 PM
From: Douglas V. Fant	Read Replies (1) \| Respond to of 95453

Brent, I'll try to answer your question- depletion does not necessarily mean that production rates will drop-in the short term. You can maintain production rates but deplete a reservoir too fast - for a while. Kind of like overspending your pocketbook until you run out of money..... So depletion just means that the total reserves base is falling. The production rate can stay steady -or even rise a bit- for a while- but when the reserves deplete, then your production rate declines precipitously-to zero....Did that make sense?