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Strategies & Market Trends : Value Investing

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To: Night Trader who wrote (16596)	3/13/2003 5:14:35 AM
From: Demetre Deliyanakis	Read Replies (1) of 78688

I am not sure how much oil Iraq has, but once the war is over, and US and other western exploration companies and allowed in, the oil production in Iraq will double or triple. If I was Saudi Arabia or Russia, I would be weary of Americans going into Iraq. France also stands to lose valuable oil contracts it signed with Saddam Hussein. A new "hungry" supplier of oil will cause oil prices to fall. The Saudis will have less money for themselves. Iraq will have to triple oil production in order to pay for the reconstruction of the country.The Iraqis are a well educated people. They know how to get oil out of ground.

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