Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jordan Electron who wrote (2228)	3/25/2001 11:51:36 PM
From: Donald Lickman	Respond to of 2742

This stock trades like a pig, just like the rest of Lundin's companies.

To: Jordan Electron who wrote (2228)	3/27/2001 6:12:00 PM
From: Tomas	Respond to of 2742

US considering Sudan initiatives - Financial Times, March 28 By Edward Alden in Washington The Bush administration is considering initiatives aimed at ending the 18-year civil war in Sudan, despite the administration's stated desire to avoid foreign conflicts where US interests are not directly engaged. Human rights and religious activists say they believe the administration will shortly announce the appointment of a high-profile special envoy to Sudan as the first step in involving the US more actively in the Sudanese conflict. While the Clinton administration never adopted a clear policy on the war in Sudan, President George W. Bush is facing pressure to do so from an unusually large and diverse coalition of domestic interests. In particular, Christian religious groups that carry enormous weight with Mr Bush and Republican congressional leaders have lobbied actively for engagement by the US. Franklin Graham, a Bush confidant who is the son of evangelist Billy Graham, operates a hospital in southern Sudan that has been repeatedly bombed by government forces. Many of the victims of the war are Christians, and the US Commission on International Religious Freedom last week declared that "appalling violations of religious freedom and other human rights by that government...have already reached genocidal proportions". The Sudanese conflict, which has claimed more than 2m lives and displaced more than 4m, has also galvanised concerns from US legislators ranging from conservative Republicans to the liberal black caucus. Tom Delay, the House Republican whip, said at the weekend the White House had made it clear it "won't stand for this going on in Sudan". Administration officials said they had reached no decisions on a policy towards Sudan but the issue was under consideration at the highest levels. Karl Rove, one of the president's closest political advisers, recently met conservative religious leaders demanding action on Sudan. "When there's a special initiative that's near and dear to the president, that's when Rove gets involved," said one participant. Human rights groups are calling for an international push by the US to stop the bombing of civilian targets in southern Sudan and military aid to southern forces fighting the Muslim regime in Khartoum. The most difficult issue for the administration will be how to respond to demands for sanctions aimed at foreign oil companies doing business in Sudan. US companies are barred from Sudan under a 1997 presidential order. The violence appears to have worsened, however, with the acceleration of oil drilling in the southern Sudan. New oil revenues have allowed Khartoum to double defence expenditure over the past two years, giving it a sharp military advantage over the southern insurgents and generating a "scorched earth" policy of clearing all civilians from the oil regions. The US House of Representatives last year approved a measure that would have made it impossible for foreign oil companies working in Sudan to raise money in US capital markets. Such a measure, if enacted into law, would target several foreign oil companies including Canada's Talisman Energy, China's national oil company PetroChina and Sweden's Lundin Oil. But the Bush administration, which also has close ties to the oil industry, is expected to oppose such proposals.