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To: goldsnow who wrote (48844)	2/11/2000 8:50:00 AM
From: long-gone	Respond to of 116762

Welcome back GS: Edited by Ryan Troup with MoneyNews.com Staff For the story behind the story... Thursday February 10, 2000 2:40 PM EST U.S. Wants More Oil From Iraq According to a UPI report, members of our congress are asking President Clinton to de-link economic sanctions from military sanctions against Iraq. As reported on MoneyNews.com, Iraq is considering reducing its oil production. This action resulted from all the proceeds from oil sales going into an escrow account controlled by the United Nations. With oil prices rising, Iraq saw no more need to fund the account. They are contemplating leaving the oil in the ground until sanctions are lifted. Oil prices reached $29.44 per barrel on the NYMEX today. There have been reports of transportation companies shutting down in parts of the nation due to the price of diesel fuel. It would appear that negotiations that Energy Secretary Bill Richardson has been having with other oil exporting countries have not been going well.(cont) newsmax.com