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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Mark Marcellus who wrote (9030)	2/13/2003 5:32:11 PM
From: Hank	Respond to of 10293

The commodities markets aren't that different from the stock markets. They respond to fear just as easily as stocks do. Saddam is going to try and blow his oil fields. If he succeeds, oil will go to $50/barrel and you'll be paying $3/gallon for gas virtually overnight, whether the supply issue justifies it or not. Venezuala is already exporting an insignificant amount of oil to us because of the strike. If their oil exports were to go to zero, it wouldn't make things much worse than they already are. What is REALLY putting pressure on our oil supply right now is this assinine war. You can bet there won't be any shortages when it's time to top off the gas tanks on that heavy machinery we have over there and if the war takes more than a few weeks the effects will grow exponentially.