-Caveat Lector- <A HREF="http://www.ctrl.org/">
</A> -Cui Bono?-
In a message dated 01/23/2000 9:09:30 PM Eastern Standard Time,
[EMAIL PROTECTED] writes:
<< The era of cheap oil began ending last March when the Organization of the
Petroleum Exporting Countries cut production by 4.3 million barrels a day.
The oil producers were determined to end a world oil glut and push up prices
that fell as low as $11.37 a barrel in February.
OPEC, an often undisciplined cartel, was able to hold down production.
U.S. oil supplies now are at their lowest level in several years and the
International Energy Agency warned Thursday that markets "are tight and
getting tighter." >>
I thought it was because they've been dumping shipload after shipload into
the oceans. In fact it's probably the cleanups we're paying for in this
price rise. Prudy
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