In the run-up things were looking quite promising and solid, and now it really is a matter of, can they comply and of looking at the (oil) companies and seeing which are able to withstand relatively low oil prices. |
It's a fairly significant jump. But there is no fundamental reason for it to go up. There was a little blip before when there was the threat of action. But last time there appeared to be no reduction in output from Iraq during the four days of military conflict. |
People would be very satisfied if we exited 1999 with prices in the $14 to $16 range. |
We came out steaming, and then we just lost it. I don't know why. |