Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who wrote (8608)	3/1/2002 10:25:59 AM
From: Alan Hume	Read Replies (4) of 36161

Hi FRank, agreed, US foreign policy, with the recent exceptions of Grenada, Kosovo and Afganistan has a habit of being in tune with their oil supply interests. If a war (aggression)is likely in the ME; then I would guess that Iraq would be the likely target. But I don't believe that Iraq is an exporter to the US, and would any Arab neighbours sympathise that them if there were to be an incident? Short term, it would certainly cause a sharp up turn in oil prices, but it would be very short term I believe. Nevertheless, I agree with you, it is a possibility AH

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