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To: Robert Douglas who wrote (169432)8/15/2002 10:17:24 AM
From: GVTucker  Respond to of 186894
 
Robert, RE: I don't think a war with Iraq needs to send the price of crude up.

Right. Sorry if I gave you that impression.

My point is that most people's expectation is that a war with Iraq would send crude prices up, and the current high price of crude, especially when you look at it relative to natural gas, is a reflection of that expectation. What the price of crude does after an attack is anyone's guess, although given the price today, I'd guess that there's more downside than upside.