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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: tradermike_1999 who started this subject	11/17/2002 10:15:37 PM
From: energyplay	of 74559

North Korea says it has nukes - 11/17 17:39 North Korea Has Nuclear Weapons, State Radio Broadcast Says By Paul Tighe Pyongyang, North Korea, Nov. 18 (Bloomberg) -- North Korea's government said for the first time the country has nuclear weapons, the British Broadcasting Corp. reported, citing a commentary on state radio. North Korea has developed powerful military counter-measures, including nuclear weapons, the BBC quoted the state radio broadcast as saying late yesterday. The U.S. State Department last month said North Korea acknowledged it is developing a nuclear weapons program in violation of a 1994 accord. The U.S. must sign a non-aggression treaty as the only way to solve the nuclear issue, the BBC cited the commentary as saying. North Korea has ``a small number'' of nuclear weapons, U.S. Defense Secretary Donald Rumsfeld said last month. The U.S., South Korea, Japan and the European Union last week suspended monthly fuel shipments to North Korea until the country ends its nuclear weapons program. The four members of the Korean Economic Development Organization supplied about 500,000 metric tons of fuel oil annually under the 1994 accord that promised aid in exchange for North Korea abandoning its nuclear arms program. (BBC 11-18)

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