ED, the problems and risks of both the terrorist actions and the US response are huge and fearful. Oil, and natural gas, are spiking up because of concerns of a cold US winter, which usually happens this time of year. buy oil in fall sell in spring. add to this the global tensions and we have one hell of a mess. I think the biggest fear of mid-asian politics is an islamic revolt against the now-pro-US govt in Pakistan, which we are using in our basementalization of afghanistan (btw, did you hear about the little old lady who was arrest at the airport security with knitting needles. she said she wanted to knit an afghan).
anyway. the threat of some oil disruption is significant, and the price rise in the oil service stocks reflect. interesting that the oil service sector is moving more than the oil and gas producers themselves.
as for bin laden and nuclear, well, jeez, if he pops a nuc, all bets are off. i cannot concieve of such an incident. i can, and have imagined that the world trade centers would be taken down some day. and i, as well as you, i assume, grew up in the age of school kids hiding under their desks or inthe hallways in the event of a russian atomic attack. what was the drill? bend over, place your hands behind your knees, and kiss your A$$ goodbye.
lets hope that sanity prevails and the world does not edge ever closer to the precipice than it already is doing. the pounding of afghanistan carries much risks, i don't know that was the wisest policy, but they didn't ask me. larry |
