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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (4445)	8/27/2001 3:36:12 PM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 33421

Ray - pipelines? Waste of capex. ROFL There were two major (military?) pipelines some years ago: Russia/Antwerp owned by the state owned Nafta, and Antwerp/Russia from the NATO. Don't know if they were layed side-by-side or even if they were two: even sovjets had heard of compensations.<gggg> I, once, have been tempted to invest in some Russian energy services. Then I remembered that we still can buy Russian bonds by the pound on every flea market in the country here. Russia builds up a debt, then decides not to repay. I prefer the American way: build up a foreign debt with strong Dollars, pay back with deflated ones. LOL. At least you get something back.