They know they can't leave here without a measurable production increase because at this price level, everybody's uncomfortable.

One man's wage increase is another man's price increase.

One man's wage increase is another man's price increase.

We're facing a situation in the latter part of the 2002 not unlike year 2000, when OPEC was in a position of having to unwind quotas to prevent too tight an oil balance.

The Mexicans and Venezuelans basically pooh-poohed discussing another round of cuts. They essentially said that they have no interest in discussing that right now.

That they called for an emergency meeting may have raised expectations that they would improve upon the cuts made in the Riyadh pact,