SI
SI
discoversearch

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


To: Crimson Ghost who wrote (93704)8/14/2001 12:22:47 PM
From: kingfisher  Read Replies (1) | Respond to of 95453
 
What a paradox!The fuel provided for British and American warplanes bombing Iraq may have been produced in Iraq!
Keep pumping that oil Sadamm!LOL
...........................................................
U.S. Warplanes Bomb Iraqi Radar Site in Second Raid in a Week
By Todd Zeranski

Washington, Aug. 14 (Bloomberg) -- U.S. warplanes bombed a radar site in southern Iraq today, the second time in less than a week that American forces have attempted to disable Iraq's increasingly active air defenses, a Pentagon spokesman said.

``This was in response to Iraq firing at aircraft and further efforts to create the ability to better target the aircraft,'' said Lieutenant Colonel Dave Lapan. All aircraft returned safely, although Lapan said he didn't know how many were used in the action.

The jets bombed a radar installation linked to a surface-to- air missile site 170 miles southeast of Baghdad near Nasiriyah, the same area hit in a raid on Friday.

Twenty U.S. and British warplanes last week bombed three targets -- a long-range radar site 70 miles southeast of Baghdad, a surface-to-air missile site and a fiber-optic communications node near today's target.

Allied jets patrol so-called no-fly zones, established after the 1991 Gulf War to protect the Kurdish minority in the north of the country and the Shi'ite Muslim population in the south.

U.S. officials have expressed concern that Iraq is stepping up its efforts to shoot down a British or American plane patrolling those zones, where Iraqi flights are restricted.

Limited clashes between patrolling aircraft and ground-based Iraqi defenses have become an almost daily ritual in the no-fly areas. Iraq has fired on allied aircraft or ``painted'' them with ground radar about 400 times this year, up from 221 such instances last year.

The price of crude oil was little changed on news of the attack. Crude for September delivery was up three cents to $27.85 a barrel in late-morning trading on the New York Mercantile Exchange.



To: Crimson Ghost who wrote (93704)8/14/2001 1:59:41 PM
From: ldo79  Respond to of 95453
 
George, they ought to send a little liquidity Cal. way:

Tuesday August 14, 1:52 pm Eastern Time
SoCalEd owes $3.3 bln, raises specter of bankruptcy
ROSEMEAD, Calif., Aug 14 (Reuters) - The struggling utility Southern California Edison owes $3.3 billion for power and other costs, has only about $1.7 billion of cash, and may be unable to avoid bankruptcy if it does not get help, its corporate parent said on Tuesday in a regulatory filing.

SoCal Edison, left nearly insolvent amid California's power crisis, remains ``unable to obtain financing of any kind,'' the parent, Edison International (NYSE:EIX - news), said in its quarterly report, filed with the Securities and Exchange Commission.

Deregulation left SoCal Edison and the larger Pacific Gas & Electric Co. unable to recoup their soaring wholesale power costs.

Regards,
ldo79