Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: lh56 who wrote (3086)	10/22/2001 2:46:27 PM
From: Frank Pembleton	Read Replies (3) of 36161

Larry, So far, most the known terrorist in this campaign have been from Arabia...I'm speculating that we will see lower prices in the short term as a political assurance from certain ME countries, - they want to be seen...on board with the U.S. this will certainly lower the cost of restocking the SPR. Bombing Iraq on the other hand, will remove approximately 9% of the 54% of crude supplies that are imported by the U.S. I don't believe Arabia can swing enough production to maintain adequate supplies simply because of the logistics of the Strait of Hormuz. But if oil starts acting anything like gold, you might be better off holding cash -- or looking into natural gas weighted companies. quotes.ino.com NG up 8% Friday, up another 4% today... Regards Frank P.

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