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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: quehubo who wrote (115778)	9/27/2003 8:40:32 AM
From: John Carragher	Read Replies (1) \| Respond to of 281500

you also have the merger with mob in xom chart.. I believe two years ago xom mentioned that all the savings from the merger had been eaten up by increased expenses. opec dropping supplies of 900,000 barrels and analysts beleve xom is not a good buy as they doubt existing earnings can be maintained into 2004. Irq pumping up to 2 million barrels a day and expect by next march to be up 2.5 million bbls a day.. Wonder where prices might be this time next year... just in time for Bush campaign for re-election.. also i understand that the gov. reserved for oil is almost FULL. I would expect if they stop buying on open market this will also help prices drop. My conclusion is Iraq was not for oil rather to stop his threats and supplies of money and security to terrorists. To avoid some type of chemical terrorism in U.S. as a result of his research of wmd. Lastly, to gain a foot hole in mid east and perhaps keep troops on the ground forever in Iraq... in case Syria, Iran become much bigger problem.