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To: Victor Lazlo who wrote (112104)	11/24/2000 9:16:53 PM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

>> other countries are using more petroleum now too!!! Asia, europe and latin america are using more petroleum than ever before too, it's not just the US. << I understand that point. And it is that increased world-wide demand that is the cause of the rise in oil prices. So an oil cut-off from Iraq will cause crude prices to climb higher for everyone. Which will divert some spending away from consumer goods in the US. Maybe 20 or 30 $Billion. Is that a big deal ? Is it enough to trigger inflation ? recession ? I don't know.