[Homestead] Oil prices

Gene GeRue genegerue at ruralize.com
Fri Oct 19 07:26:43 EDT 2007


On Oct 18, 2007, at 9:41 PM, Clansgian at wmconnect.com wrote:
>
>> (Gene)Seems to me that OPEC will move to restrain accelerating  
>> prices to
> dissuade accelerated research into alternative energy sources.
>
> IF they could.  However if OPEC is at near peak capacity now, as some
> suggest, they can't significanly increase production and therefore  
> have no power to
> restrain anything.

Consider the influence of a consortium of OPEC, Russia, Argentina and  
other producers.



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