Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Art Bechhoefer who wrote (21662)	11/12/2002 12:12:49 AM
From: Webster Groves	Read Replies (1) of 36161

You post was insightful. The stakes here are much higher than so many billion gallons of Iraqi oil. If Islamic holy sites are damaged, the cost of that cheap oil will be an unprecedented military buildup to confront Muslim outrage around the world. Military expenditures do not support a productive economy, and economic confidence in the US will plummet. Trillions will be repatriated to avoid the dollar. Where will the money go - likely back into the ground as a PM stash. US Brinkmanship at it's "best". Got gold ? -wg P.S. Nuking Baghdad would be a nice demo of WMD in the ME, and spawn 100 new efforts to develop the bomb. The US will lead by example, one way or another.

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