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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Frank Pembleton who wrote (28345)	2/19/2003 10:33:58 AM
From: Art Bechhoefer	Read Replies (3) \| Respond to of 36161

Frank, your view on crude oil seems in line with many who believe in a war of very short duration (though possibly more than 100 hours), which would result in a short peak for crude oil prices, followed by a lengthy decline, somewhat similar to 1991. Personally, I doubt that it will be a short war, having worked in that area, and having devoted a good deal of my college education to the study of Arab language and history. I see possibly a short military campaign followed by a war of attrition--sniper attacks, etc., similar to Stalingrad in 1942. If that were to be the scenario, then I think oil prices would remain high, gold prices would soar, and the stock market would look sad for a good long time. Art