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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (81527)	12/13/2000 10:44:32 AM
From: Sharp_End_Of_Drill	Read Replies (2) \| Respond to of 95453

Iraq resumes shipping of oil. Does anybody else think the length of time of the outtage was a little suspicious? For example 12 days * 2.8 mmBOPD = 33.6 mmBO But, if we assume Saddam was still bootlegging a few hundred thousand by his regular channels the amount of crude removed from the market might be more like 2.5 mmBOPD. 12 days * 2.5 mmBOPD = 30 million barrels I think Saddam wanted to remove from world markets an amount equal to the SPR release of his big enemy. Could be a coincidence, but I sort of doubt it. It looks to me like we will beyond a doubt need more SPR oil to make it through winter - what does this mean Saddam is doing to our emergency stockpiles? Hmmmm.... At the same time China is said to be building a 100 million bbl reserve - I bet Tom Clancy could have a field days with this world power scenario. Sharp