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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden) -- Ignore unavailable to you. Want to Upgrade?

To: Tomas who wrote (1955)	12/13/2000 11:48:50 PM
From: Tomas	Read Replies (1) \| Respond to of 2742

Libya: Mideast Oil Producers Favor Bush-Cheney Win ABC News, December 13 They can almost taste it: Texas tea, black gold that's right, oil. Oil-producing wildcards Iran and Libya are thinking the same thing U.S. oil companies are: A Bush victory would be good for their business. Middle East oil producers Iran and Libya, still under U.S. sanctions, and American oil companies prevented from working there by those sanctions hope fervently for a Bush-Cheney victory in the tortuous U.S. presidential election process. Oil industry and government sources in the Middle East believe that an administration headed by Republican George W. Bush and his running mate, Dick Cheney, would be able to stabilize world oil prices, and also might end remaining oil sanctions against both Iran and Libya. ... Then-President Ronald Reagan ordered U.S. oil firms to quit Libya in 1986, mainly because of the terrorism issue, after U.S. Air Force planes carried out earlier reprisal bombings of Libya for terrorist bombings in Berlin. However, Libya's national oil company did not confiscate U.S. oil company assets in Libya. It has continued to negotiate with the firms about possible future return to their formerly lucrative contracts and projects there. Libya safeguarded the American oil assets even after the imposition in the early 1990s of new U.N. and U.S. sanctions meant to force the extradition of two Libyan suspects in the December 1988 bombing of Pan Am Flight 103 over Lockerbie, Scotland. The two men were extradited and are now on trial before a Scottish court in the Netherlands, resulting in an easing but not a total relaxation of sanctions. Full article: dailynews.yahoo.com