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I've been wondering how the decisions made at the OPEC conferance
will affect the oil price..


Cass
I think that long term oil (and natural gas) will be winners. From memory the worlds oil stocks are being depleted at a rate of around 8% per year with new supplies coming on stream at a rate of around 6% per year (I'd have to check those figures but I think that is about right). This leads to a shortfall of around 2% which must eventually show up when the worlds economies turn round and demand increases.
The present oil price is low by recent levels and is bound to increase.
Cheers
Harmy
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