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Online Stock Market Trading When OPEC members met recently in Cairo they came away saying they would cut oil production to raise crude prices by starving the market.

oil production could plateau, some industry leaders believe, setting the ne yellestage for a period marked by energy shortages and high prices. OPEC's Divisions Rise to Surface As high crude prices fuel the economic boom in oil capitals, they're reigniting old divisions within OPEC, stirring doubts about the cartel's role

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gallons (an amount equivalent to roughly 18% more barrels of oil than the U.S. imports from Gulf State Members of OPEC).

Stock Market Game Dec 14, 2004 (AXcess News) New York - When OPEC members met recently in Cairo they came away saying they would cut oil production to raise crude prices by starving the market.

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Stock Investing Game The move has worked, crude oil futures rose above $41 a barrel Monday with analysts and traders watching OPEC's moves closely. Some believe OPEC members were focused too much on the middle east stock exchanges that had been boasting gains for months when oil's price decline began eroding all of that increase. "What a coincidence", remarked one trader.

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Journal Prime Rate Street Wall As analysts view OPEC cutbacks as taking weeks to reach global markets, OPEC members have stated that additional cutbacks could be in store. Some say the independence middle eastern countries are developing through the privatization of industries there that are going public on those stock exchanges is shifting their focus and may be influencing their cutbacks.

What I have written is that it is "nonsense on stilts" to assert that "OPEC market power . . . can only be combated by energy independence secured by increased domestic production." That's because oil markets are global, not regional. Even if America got all the oil it needed from Alaska, a cut in OPEC production would raise the price of Alaskan crude just as high as it would raise the price of Saudi crude.

Stock Market News If OPEC members are deliberately cutting back production to fill their already bulging bank accounts then they may find the market won't play ball and raise prices to quickly due to supply levels being high enough to sustain the U.S. through the coldest period of the year.Oil prices are over $15 less than its high of $55.17 that it hit two times in October.OPEC ministers had said that the one million barrel a day cutback would not start until January 1. But earlier Monday Kuwait's Sheik Ahmed Fahd Al Ahmed Al Sabah said they would starting cutting back today.Advertisement

Stock Investing Basics Kuwait's oil minister may have let the cat out of the bag as other OPEC members are sure to break stride as well and begin cutting back production before the agreed upon date - and even increasing those amounts. According to the U.S. Department of Energy, home heating prices would cost 34 percent more than a year ago and that commercial stockpiles of heating oil were below 2003 levels, which has put traders on alert as they watch the U.S. weather situation closely. Though terrorist activities are also playing their role in limiting production and supply. Iraq's Oil Minister Thamir Ghadbhan said saboteurs have attacked pipelines 27 times in November compared to only 2 times in October.While in Russia, oil-giant Yukos is still facing a break up in forced sales by the tax authority there for unpaid income taxes and in China demand outweighs supplies as well as the nation expands its industrialization.AXcess News will be reporting on any new market trends related to this story. Members should watch their in-box for late breaking news. If you're not a member, consider joining now. Members get the latest business news, commentaries and stock picks delivered right to their in-box.

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