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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (50007)	4/14/2002 1:36:17 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

I have heard Iraq produces 3 million bbl/day, and US buys 90% of their exports either figure could be off but mystery number is how much Iraqi oil is expoerted? I suspect the great majority, as in over 95%, but that assumption could be off I dont think any oil-related problem is relieved with a mere 3mpg drop I may encounter the data myself here or there who knows? Americans want desperately to feel less insecure than we are about oil supply that is why they point to recent low prices under 20/bbl only trouble is the pricing model doesnt account much for risk premium I brought up this point last autumn the oil situation wont be improving, despite the loud cries of worldwide glut their may be a glut of reserves but that says nothing about the shortage of "DELIVERED" supply you cannot fill your tank with Caspian Sea oil buried under 600 feet of water I love calculus, still do so dont be dissing on my CALC, or else I be hurtin yo ass calculus is minor league math compared to statistical analysis methods though / jim