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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: The Perfect Hedge who wrote (10168)1/30/1998 12:11:00 AM
From: JHR  Read Replies (1) of 95453
 
Just dawned on me.

With Sadam's quota being tied to a price of 2 billion, if oil drops from 18 to 14 he gets to selll an extra 32 million barrels of oil. Thats really depressing.
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