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Gold/Mining/Energy : Boots and Coots International Well Control Inc. (WEL)

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To: scott_jiminez who started this subject3/20/2003 12:46:58 PM
From: scott_jiminez  Read Replies (1) of 214
 
Iraq May Have Plan to Sabotage Oil Fields

That's the headline of a story just published:

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Iraq May Have Plan to Sabotage Oil Fields

BRUCE STANLEY
Associated Press

LONDON - Saddam Hussein may have organized a meticulous plan for sabotaging Iraq's oil fields in a scorched-earth tactic designed to cripple Iraqi production.

The oil industry has buzzed with reports in recent weeks that Iraqis are rigging their wells with explosives, hoping to slow a U.S.-led attack and making the country's oil wealth worthless for any new government.

"We can confirm reports that (Saddam) has taken measures to booby trap oil wells by wiring the wells so that one person can blow them up," said U.S. Defense Department spokeswoman Megan Fox.

"If the worst happens and he does detonate something that causes the oil wells to catch fire, we'll do everything we can. Those assets belong to the Iraqi people, and as much as possible we'd like to keep them intact," she said.
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