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  • From: Gene GeRue <genegerue AT ruralize.com>
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] Oil prices
  • Date: Fri, 19 Oct 2007 06:26:43 -0500


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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