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Gold/Mining/Energy : American International Petroleum Corp

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To: Stephen McSwain who wrote (1395)	8/14/1997 11:34:00 PM
From: David Maginnis	of 11888

It said that Venezuela was making deals with oil refineries in the gulf states to process 600,000 barrels of oil per day. This was to hedge against a sudden decline in oil prices. Also said that Saudi Arabia was threating to increase its production if Venezuela didn't back down on its agressive pursuit to bring 1 trillon barrels of oil on the market. The writer commented that this threat by Saudi has not worked lately because of the surging asian market. I have the following comment: In terms of number of people India now has as big of a middle class as the USA and China will soon be there. Think about it!

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