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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Les H who wrote (43319)2/14/2003 10:52:51 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 52237
 
Russia, knows that by taking over Iraq and removing sanctions due to regime change oil prices will drop.

Presently Russia enjoys a 4.5% growth in their GDP mostly because of high energy prices as natural gas is also priced "per BTU" and state owned Gazprom is the biggest natural gas producer in the world supplying over 25% of Europe needs.

Germany's Ruhrgas purchases of natural gas from Gazprom more than cover the debt service of Russia to Germany.

As to Russia A/R's for highly overpriced military hardware sold to Iraq the US already guarantied that those money's will be paid from future oil revenues of Iraq.