ADVISORY/OPEC on Verge of Production Boost.Business Editors ADVISORY... --(BUSINESS WIRE)--March 27, 2000 TOPIC: The Organization of Petroleum Exporting is on the verge On the Verge (or The Geography of Yearning) is a play written by Eric Overmyer. It makes extensive use of esoteric language and pop culture references from the late nineteenth century to 1955. of an agreement to boost its oil production limits, oil ministers from several countries said Monday, The New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Times reported. The increase reportedly is expected to be 1.7 million barrels a day -- higher than many analysts had predicted, but lower than the 2.5 million barrels sought by President Clinton. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a senior OPEC OPEC: see Organization of Petroleum Exporting Countries. OPEC in full Organization of the Petroleum Exporting Countries Multinational organization established in 1960 to coordinate the petroleum production and export policies of its official, the increase would cancel out Verb 1. cancel out - wipe out the effect of something; "The new tax effectively cancels out my raise"; "The `A' will cancel out the `C' on your record" wipe out the production cuts agreed upon Adj. 1. agreed upon - constituted or contracted by stipulation or agreement; "stipulatory obligations" stipulatory noncontroversial, uncontroversial - not likely to arouse controversy a year ago by the cartel. However, while the rise in production could reduce the price of oil by several dollars a barrel, it remains on unclear how soon consumers would see lower gas prices, according to industry analysts, and some predict only a modest drop of no more than 10 cents a gallon. The oil ministers reportedly are also expected to announce plans for a follow-up in June at which they could decide to up production if the price stays near $30 a barrel. EXPERTS: ExpertSource can offer several highly qualified experts to comment on this story: Leon Romero Leon Constantine Romero (born 29 December, 1974 in New York, United States of America) is an American cricketer. He played nine first-class cricket matches for Trinidad and Tobago from 1998-99 to 2000-01. , VP of WesPac Technologies Corp. is an expert in oil and gas production. 214/219-4815 Mike Simmons, editor and president of @Offshore.com, Inc., has been active in the offshore oil business since 1981. 512/255-9055 mike@atoffshore.com Garry Duncan, President of Wolfstone Corporation, is an expert in oil and gas production and sales. 209/334-6717 duncanda@inreach.com stevburg@castles.com Anthony Damiano is a consultant for NewEnergy Associates and expert in energy market analysis. 770/779-2942 sbuus_jensen@newenergyassoc.com Craig Goodman of the National Energy Marketers Association is an expert on energy issues and energy marketing 202/333-3288 goodman@bellatlantic.ne Professor Arlon Tussing of the University of Alaska Anchorage UAA comprises eight colleges and schools: The College of Education, College of Health and Social Welfare, College of Arts and Sciences, College of Business and Public Policy, the Community and Technical College, School of Engineering, School of Nursing and School of Social Work. Institute of Social and Economic Research studies gas industries of North America and global energy supply. 907/786-7710 907/786-1190 Professor Abbas Alnasrawi of the University of Vermont studies the economics of Middle East oil 802/656-3064 802/656-3480 Professor Graciela Chichilnisky of Columbia University studies international economics and oil prices. 212/854-7277 212/854-1754 Professor Robert Kaufmann of Boston University's Center for Energy & Environmental Studies is an expert in global energy companies in the 21st century, the outlook for U.S. exploration and production. 617/353-3940 617/353-5986 Dr. Dennis Jay O'Brien of the International Association for Energy Economics International Association for Energy Economics (IAEE) is an international non-profit society of professionals interested in energy economics. IAEE was founded in 1977, in the period of the energy crisis, when it became obvious that lack of knowledge on energy economics is one of is an expert in petroleum economics and U.S. energy policy. 817/491-9794 ExpertSource cannot guarantee the immediate availability of these experts or their familiarity with this specific issue. ExpertSource, a collaboration of Business Wire and The Round Table Group, provides academic and industry experts to the media at no charge. Journalists are encouraged to submit queries to ExpertSource when seeking experts on specific subjects. An online registration form is available at http://www.businesswire.com/expertsource. Business Wire's Media Resource Center provides working journalists many free media services. Please visit the BW Media Resource Center at (www.businesswire.com/media) for more information. |
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