Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Razorbak who wrote (57145)	12/18/1999 1:47:00 PM
From: Rainier	Read Replies (1) of 95453

Razor: Maybe this is what you read -- "Friday's U.N resolution eases a $5.26 billion ceiling on the amount of oil Iraq is allowed to sell at six-month intervals. The ceiling will be lifted even if Baghdad makes good on its threat to reject the resolution." biz.yahoo.com Given the rebound in crude after the announcement, the consensus seems to be that Iraq doesn't have much excess capacity. Best regards, Mike

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