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Russia always said they would cheat.

Russia Agrees to OPEC Export Curbs 'in Principle' [But will cheat] (3/14)

OPEC publicly struggles for a second quarter of oil cuts. Then it increases its own cheating.

Saddam Hussein, who subsidized the recent upsweep of terrorism in Israel, conveniently profits from his reopened pipelines. I speculated to distract attention from him and to derail the "War on Terrorism." Yes, but more?

Oil production increases, prices should go down. How does one get the prices to rise?

Turn up the heat in Israel? Of course. Always worked before. The price of Palestinian and Israeli civilians apparently worth it.

Comments? I am still waiting for someone to explain why Arafat turned up the heat at this time - it didn't coincide with any change in Israeli conduct.

1 posted on 04/05/2002 5:12:29 PM PST by Shermy
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To: Shermy
So the higher prices are caused by various entities buying and stashing oil in case oil supplies get interrupted by war. But what happens to oil prices when all the stashing places are finally full?
2 posted on 04/05/2002 5:18:17 PM PST by SauronOfMordor
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To: Grampa Dave; Black Jade; KirkandBurke; Mafree; oldeconomybuyer; Old Hickory; *Russia List...
Ping.
3 posted on 04/05/2002 5:19:52 PM PST by Shermy
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To: Shermy
quite the opposite, in fact, they were offering concessions
5 posted on 04/05/2002 5:49:19 PM PST by veryconernedamerican
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To: Shermy
Conflict in the Middle East has added $5 per barrel to oil prices

Been watching oil prices. Can't say I've seen this.

8 posted on 04/05/2002 6:31:35 PM PST by RightWhale
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