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Technology Stocks : All About Sun Microsystems

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To: Steve Lee who wrote (35145)9/10/2000 6:23:33 AM
From: JDN  Read Replies (1) of 64865
 
Dear Steve Lee: Yes, I have heard that IRAQ has considerable oil reserves, the problem likely will be that considering the pounding they were given during the war I imagin much of their infrastructure must have been destroyed. Unlikely its been totally rebuilt since as except for a minor amount of oil allowed to be exported for food and medicine most has to be illegally transported. Probably doesnt require a major infrastructure rebuild to supply that limited requirement. However, in the long run, you are right, sooner or later the embargos will have to be lifted and the oil allowed to run fully. I suspect from the USA viewpoint, politically that will require the stepdown in some manner of Saddam (although once he is gone who knows who the successor will be-he's eliminated most competition). From my personal viewpoint, I think the events that led up to that Gulf War were a major Boondoggle on EVERYONES part including his. We had no choice but to act but would have been better all the way around had that choice never presented itself. JDN
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