To: diana g who wrote (43744 ) 5/3/1999 8:47:00 AM From: SliderOnTheBlack Read Replies (1) | Respond to of 95453
Stand & Salute ! - anyone else have tears in your eyes - CNBC... ...anyone watching CNBC ? Yes; a True great American - Larry Kudlow. Bull you have firmly carved your eternal place in infamy and you should be ashamed. PS - per Qatar ....we have cut & paste - which motivates yet more lemmings to board the train....but, there was a small warning there....ie: << pledged to start cutting output on April 1 >> ...it was NOT a total overnight cut. It is a gradual phasing in cut program - not, that anyone here has spoken to that most important REALITY ! The April ''initial'' - ''start'' of the cuts being instituted - is NOT the story - the story is the JUNE reporting which will show cheating - ala~ a dramatic fall in compliance to the proposed institution formula - and a drop from the initial April cuts. The rewards for cheating are simply too much for OPEC to ignore - and they KNOW that with $18+ OIL; much of the non-OPEC supply now become profitable and these non-OPEC suppliers will step up production. More than a few articles this week talked about many of the shut in wells being able to be profitably re-started. <<Saudi Arabia, Iran, Kuwait, U.A.E., Qatar, and Oman -- have all told Bloomberg News that they are in full compliance with the pact. These states account for over 50 percent of the total cuts promised.>> ....hmm, only 1/2 of the OPEC members have reported that they are in at least 80% compliance of the proposed cuts. 2 Questions there - is 80% enough ? Anyone else wondering what the other 50% of OPEC countries that have NOT said they are in compliance are doing ? ....remember - May's reporting is NOT the story - JUNE, will be however,,,,, "It's the - CHEATING - stupid ! '' Man, is CNBC promoting Kudlow this a.m. - or what ? Music, the American Flag..... Hooo Hahhhhh ! A coincidence ? ...................hmmmmmm ? Enough to make one formerly loquacious - now neutered bovine sweat bullets ? ...3-4 days - be patient .