That they called for an emergency meeting may have raised expectations that they would improve upon the cuts made in the Riyadh pact
Michael Rothman
It's like trying to shoot an elephant with a BB gun
gun elephant
They know they can't leave here without a measurable production increase because at this price level, everybody's uncomfortable.
leave price
The market is rallying on the fact that they're talking about another meeting to potentially cut.
meeting talking market fact
We're facing a situation in the latter part of the 2002 not unlike year 2000, when OPEC was in a position of having to unwind quotas to prevent too tight an oil balance
balance part oil situation
meeting expectations made
The Mexicans and Venezuelans basically pooh-poohed discussing another round of cuts,.. They essentially said that they have no interest in discussing that right now.
interest
Part of our goal was to take back the medium of e-mail from spammers who have really hijacked it.
goal part
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