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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Bill/WA who wrote (97661)	10/9/2002 12:27:06 PM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 132070

Bill, There seem to be some folks that think the Shell contract is critical to the price of VLCCF. I suppose the insurance could go up because of the incident. I personally think the economics of VLCCF and NAT are positive. Single hull tankers are being moth balled and the replacement costs for theses tankers is going up up up. VLCCF and NAT at worst case could lose their contracts, but in the future there should be a positive supply and demand curve for the shipping cost of oil. These tankers at NAT and VLCCF are insured so - seems like low risk for higher dividend income for shareholders than other investment choices. BWDIK Joan