Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: lh56 who wrote (3093)	10/22/2001 6:56:23 PM
From: Frank Pembleton	Read Replies (2) of 36161

Larry, IMO it has everything to do with the way the Bush administration is handling the terrorist. They didn't go in alone and bomb like madmen, they created a coalition that includes Pakistan, India and China no less. The weakness in both crude and gold is essentially a reflection of that confidence created by this unity. It seems like everyone is towing the line here…Now…I did an google internet search using the term security+oil+middle east and was shocked at the immensity of the security needed to keep the ME in the business of exporting oil. Hell if I know how this is being managed…incredible! Will it last? Good question, ‘cause I can’t believe the amount of turmoil in the ME. By the way, all it took was one bullet hole in the Alaska pipeline to hold up 1/5 of the U.S. domestic supply. I’m trying to imagine what a rocket launcher in the box of a pick-up truck, or what a suicide bomber at one of the port terminals would do. It’s becoming very clear that ME oil is much more expensive then what it’s being traded at. Regards Frank P.

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