From: John Cuccia 

On Fri, 26 Aug 2005 10:33:50 -0500, "Glenn Meadows"
 wrote:

>It will for sure, remain to be seen though, as I pointed out, OPEC is quite
>able to adjust their combined output DOWN to neutralize the capacity we
>bring on board.  They can turn the valves off, just as well as they can open
>them to stay ultimately in control.

Yes, and they are quite good at maintaining a base price for oil.

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