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Gold/Mining/Energy : A to Z Junior Mining Research Site

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To: Elizabeth Andrews who wrote (1657)	10/9/2002 9:57:37 AM
From: Little Joe	Read Replies (1) of 5423

Liz: "It won't be good for the gold price in the short run, and if we win it won't be good for oil prices. The Bush comrades in Texas will suffer but when we control the incremental production of 5 million BOE then prices will get back to reality. Then, the world economy will take off. This is, after all, a huge tax on world output." I think your analysis is dead on. I would add that it is largely overlooked that there are tremendous Russian oil reserves that exceed Saudi Arabia, but which are land locked. I don't know why the media never informs us about this. My belief is that a pipeline will be built accross Iraq to bring this oil to market and the promise of this will be another carrot (the other being the guarantee of the debt owed Russia by Iraq) to bring the Russians on board. Perhaps I am too cynical, but if it weren't for the oil Sadam would be just another despot and we would leave him alone and he would represent no threat to us. Little joe

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