Anniversary

Doug Henwood dhenwood at panix.com
Fri Sep 20 08:44:04 PDT 2002


jean-christophe helary wrote:


>where do opec countries stand in your picture ?

I'm not Brad, but I'd say that at least in the case of Persian Gulf producers, they've got a pretty good deal. Cost of production is probably $5/barrel or less, and they sell it for $20-30. That's a lot different from coffee growers or tin producers.

Doug



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