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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: cnyndwllr who wrote (14788)	11/11/2002 4:40:21 PM
From: rz	Read Replies (1) \| Respond to of 206093

MDR is falling pretty dramatically. I think we are going beyond concerns about asbestos. Does anybody think that MDR is a good investment here? Thanks, rz

To: cnyndwllr who wrote (14788)	11/11/2002 4:58:50 PM
From: Tomas	Read Replies (1) \| Respond to of 206093

<< ...as any producers with extra capacity increase production to sell at today's prices rather than wait...>> Are there any producers anywhere in the world outside OPEC with any extra capacity? I don't know of any. Within OPEC, the only countries that can effectuate an increase are Saudi Arabia and the UAE, with a little bit more here and there.

To: cnyndwllr who wrote (14788)	11/11/2002 5:30:31 PM
From: quehubo	Read Replies (1) \| Respond to of 206093

Ed, I have no doubt one of the objectives our dealings with Iraq are to ensure that the oil capacity is expanded and that the revenues are put to good use. Also that influence in Iraq is not dominated by Russia or France. But I will be the first one in the street protesting if my kids are going to be defending oil fields for XOM to plunder. If big oil is going to gain why is XOI in the crapper? Oil prices are dropping because OPEC has increased production to bring supplies up from very low levels. They will barely succeed if we have a normal Winter. I suspect the dealings in Iraq will be slow and tedious and the USA will be under tremendous scrutiny to not dominate the dealings. The primary driver for neutralizing Saddam is to make sure he does not continue developing his strength as Russia and France do their side deals along with others who are breaking down the containment. Also it will provide tremendous leverage on SA if international oil companies are able to direct investment into Iraq instead of the lousy opportunities offered by SA. If stability of oil flow is an issue, all parties will want to see oil ? $22-25 WTI. Overinvestment into Iraq will only cause problems in SA, Russia & Mexico and others who we may care less about. I dont know which way things will go, but I think the NG mania will be well underway before the first shot is ever fired. I am reading The Threatening Storm, as such I see Saddamn has been a super survivor and doubt he will get himself elimanated as soon as we would like.