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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: Victor Lazlo who wrote (112109)	11/24/2000 10:29:09 PM
From: Sarmad Y. Hermiz	Read Replies (1) of 164684

>> Where do you get those figures from? As a % of the avg American's energy budget, Iraq oil is likely a no-show. The US imports approx 9 million barrels of crude oil per day. It doesn't matter where the oil originates. Unless it is contracted in advance, spot prices are the same everywhere. It doesn't matter if the US gets its oil from canada or brunei. Why do you think gasoline prices rose from $0.80/gal 2 years ago to $1.60 now. Canada does not give away its oil below the world price. If oil rises by $10/brl, that is approx $90 million per day EXTRA (just for imported oil into the US). And that is $30 billion per year that will go to foreign countries. >> Iraq oil output has an impact on crude futures for a couple of days, other than that, nada. That may be so. We'll see in a month.

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