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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Roebear who wrote (5943)	1/1/2002 2:03:07 PM
From: isopatch	Respond to of 36161

Roebear. Your modesty behoves you. Joe is excellent BUT... you've been ahead of him every year with your long range forecasts beginning in Sept. By Thanksgiving you posted that this years first major freeze would show up 12/19 -12/28. Sure enough, Mr Frosty hit the 10 day forecast maps right on 12/19, the polar air roaring into the lower 48 a few days later. Kudos on nailing it for the 3rd consecutive year. Isopatch

To: Roebear who wrote (5943)	1/3/2002 7:28:06 AM
From: Frank Pembleton	Read Replies (2) \| Respond to of 36161

CANADA -- Current Events Caspar W. Weinberger, Forbes Magazine, 01.07.02, 12:00 AM ET A recent trip to Canada left several lasting impressions: • The trade relationship between the U.S. and Canada is of enormous significance and is growing. • The mutuality of our security interests is of increasing importance. We are strong allies, and each nation adds substantially to the other's capabilities. • The spirit of the people, particularly businesspeople, is a crucial element of Canada's economic strength. They are much like early American entrepreneurs, seeing everything as possible, willing to take risks and having a deep love of country and an indomitable spirit. We are fortunate to have such people as our neighbors. Various economic statistics reflect a somewhat weakened Canadian economy, a result of such factors as a less-than-powerful currency, as well as of Sept. 11. The economy is close to recession, and unemployment is rising. The recently introduced budget, with its reaffirmation of the government's commitment to sound and balanced fiscal policies, is therefore heartening. Two-way trade between Canada and the U.S. amounted to an astonishing $475 billion last year--$1.3 billion a day. Contrary to the fears of those who criticized the adoption of Nafta with such venom and ignorance, our trade has nearly doubled since that agreement went into effect. Canada is our largest trading partner, and it is the number one export market for 37 of our states. In fact, this huge volume of trade strains our countries' joint infrastructures. Trucking is the dominant mode of transportation for trade. Canada ships about 60% of its manufacturing output to the U.S. and 87% of its exports. The U.S. ships 23% of its exports to Canada, causing daily congestion at the Ambassador Bridge near Windsor, Ontario. The U.S. and Canada recently signed an agreement to create a "smart border," which will help both sides guard against terrorism while ensuring the smooth flow of goods and people across the border. Perrin Beatty, Canada's former minister of defense and current head of the Alliance of Manufacturers & Exporters Canada, is working to increase the use of new technologies for scanning both cargo and commuters at the border. Delayed truck shipments are the bane of both sides. It has been said that the enormous 4,000- mile border is a porous barrier against terrorism, but it manages to choke off trade. Because there are only four major border crossings, there have been many disruptive traffic jams. Many manufacturers therefore have produced large supplies of "just-in-case" inventory instead of adhering to the "just-in-time" inventory philosophy. Brian Tobin, Canada's minister of industry, has placed great emphasis on developing such industries as fisheries, petroleum and information technology. Many U.S. concerns have large Canadian operations, and vice versa. With Nafta's removal of trade barriers and obstacles to growth and with executives on both sides possessing unquenchable faith in the future, stronger economic relations have made the border itself less relevant. Much can be done by both sides to improve our economies. The Bush Administration is properly cultivating improved economic, business and social relationships with Canada. The fewer barriers there are between us and the greater our recognition of the importance of our relationship, the better it will be for both countries--and the worse it will be for advocates of terrorism who think they can get a foothold in either country. forbes.com