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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (16564)	3/10/2003 10:51:00 AM
From: Archie Meeties	Read Replies (1) \| Respond to of 78985

That oil will fall if the Iraqi campaign goes smoothly is not a question. The question is whether oil falls from 50 to 45 or 45 to 40 and how long it will stay there. The next push of course will be ANWR and opening up other areas for exploration. Back to the 70's?

To: Wyätt Gwyön who wrote (16564)	3/11/2003 7:11:29 AM
From: Demetre Deliyanakis	Read Replies (2) \| Respond to of 78985

Oil prices will fall after the war is over, unless Saddam sets fire to all the oil wells. There is a built in premium to today's spot crude prices. The USA could release oil from the strategic petroleum reserve. If the war goes well and the US army regains control over the oil fields of IRAQ. Prices could fall about 10$ U.S. per barrel. USA investment in IRAQ oil fields over the next 5 years could double or triple Iraq daily production. Demetre