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To: Boplicity who wrote (5217)	1/2/2002 9:44:43 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 13815

respectfully disagree on energy sector for this year sure, Russia will practice capitalism but no nation can afford a price war with Saudis their production costs are 1/3 of most everyone else Russia will talk tough, then cut production only problem is that Russian decisions will come from 4 centers that is what capitalism dictates it aint part of any cartel neither is Norway, but they are toeing the line for now here are several reasons why the energy sector will heat up later this year: (maybe just a few months) - economy is turning up slowly, the world will follow - crude bottomed at $19/bbl this cycle, compared to $9 in 1991 during GulfWar - AlQaeda cell agents are now largely disinfected in North America and Europe, obviously not completely, but now their main theatre of influence is the MidEast and WestAsia, where Arab oil exporters undergo operations and some of whom cooperate with the USA - political and risk pressure will gradually put a premium on NoAmerican produced oil/gas, far from danger several thousand miles away - Arab oil reserves are only 1/2 what they claim, and word is getting out - electricity requirements are growing unabated, what with computer usage, internet access, clean room mfg we will see / Jim