morning...
Thanks for those charts...
Tomorrow...
Maybe these war news will affect which ways it turns out.
There seems to be support by Russia to continue with inspections and a new push to have Iraq agree to disarmament using peaceful means.
news.bbc.co.uk
So now, we have France, Germany and Russia opposing the US for a unilateral war effort. (not that the US will stop to go to war on its own with support of the UK and Australia, mainly), but the repercusions and degree of difficulty will increase. (i.e Turkey seems opposed to have their air beases used by US planes/troops)
The stance of other countries as far as the war goes...
news.bbc.co.uk
and the inspectors view...
washingtonpost.com
The question now becomes whether the US will go it alone at the risk of certain key players opposition to do so. And/or... if the peace efforts succeed... will the US and NATO forces be stationed in Baghdad to keep an eye, while Saddam is removed ? What would the oil interest think of this ?
nzherald.co.nz
<snip>
Analysts said Shell faced big structural problems, including a continued deterioration in its ability to replace reserves with new finds and a struggle to keep output up.
Asked about the aftermath of a war in Iraq in terms of exploiting oilfields, Jeroen van der Veer, head of the Dutch arm of the business, said: "If there is a new situation in Iraq, then we hope there would be a level playing field for all companies."
BP made similar noises last year, voicing fears that US firms may get the lion's share.
This, imo will make markets simply continue to erode slowly since the uncertainty keeps on lingering.... |
