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To: HungarianGypsy
No worries about gas prices. IMHO they will be in the $1.50 range by the end of May. Everytime OPEC attempts to raise prices by cutting production another oil nation attempts to make a fortune when the price is high and the market gets flooded. Prices drop like a stone every time. Never underesimate one oil nation's willingness to screw another.
28 posted on 04/02/2004 5:36:58 PM PST by Dutch Boy
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To: Dutch Boy
"Never underesimate one oil nation's willingness to screw another."

If I recall correctly , one of the reasons opec cut back on production targets was due to some members producing more oil than they agreed to and this brought oil prices down, or kept them flat. The reduction of barrels per day by member nations was an attempt to compensate for these "cheaters". My guess is that the "cheaters" will probably do it again.

CC

69 posted on 04/03/2004 6:25:48 AM PST by Celtic Conservative (This is my tagline. There are many like it, but this one is mine...)
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