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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: sandintoes who wrote (583328)	6/15/2004 9:54:50 PM
From: CYBERKEN	Read Replies (1) \| Respond to of 769670

The slimy traitor, JOHN KERRY, made his contribution to American energy independence by blocking ANWAR drilling. And now he is asking the 230 million people he cheated to make him their president (:->) And Blowhard Bill O'Reilly maintains he can't see the crime in that (After all, it's not like the slimy traitor, John Kerry, went to an all-white PROM or something. Now THERE'S an "independent" "thinker".)...

To: sandintoes who wrote (583328)	6/15/2004 10:54:47 PM
From: Ann Corrigan	Read Replies (4) \| Respond to of 769670

"Time Mag" poll: Bush 48%; Kerry 43% (thank you Pres Reagan) Just heard it on Scarborough Country. If Kerry was in the lead it would be pasted all over every TV screen & website.

To: sandintoes who wrote (583328)	6/15/2004 11:06:49 PM
From: tejek	Respond to of 769670

Markets Shrug Off Iraq Oil Sabotage Forbes.com Staff, 06.15.04, 7:52 PM ET Oil prices fell on Tuesday as traders took profits from a brief rally spurred by reports that sabotage had brought Iraqi oil exports to a halt. On the New York futures markets, the benchmark crude for July delivery fell 40 cents to $37.19 a barrel. That is 12.5% below its June 1 peak of $42.45. Iraq's oil minister, Thamir Ghadhban told the Reuters news agency that blasts on Monday had damaged the country's main pipeline from its southern oilfields to its Persian Gulf terminals, through which the bulk of Iraq's oil exports flow. This was the second attack in five weeks on the pipeline into Basra. The previous attack on May 9 slowed, but did not sever the flow of oil. Iraqi officials confirmed on Tuesday that the latest attack had halted exports as an antiquated backup pipeline failed to cope with the additional pressure. Repairs to the main pipeline are estimated to take 10 days. Iraq is thought to earn about $60m a day from oil exports through Basra and the smaller neighboring Khor al-Amaya terminal. The previous attack cut exports from the two terminals from 1.6 million barrels a day to 1 million for two weeks. Earlier this month, Iraqi Prime Minister Iyad Allawi, said pipeline sabotage had cost the country more than $200m in lost revenue over the past seven months. The pipeline from Iraq's northern oil fields to Turkey has barely been in operation in the past year because of repeated sabotage. There were reports Tuesday evening New York time that a stretch of the pipeline between between Dibis and a pumping station near Kirkuk was on fire. The International Energy Agency says Iraqi oil production in May was at 2.1 million barrels a day, 700,000 barrels a day below its capacity. Iraq's peak oil output, in 1979, was 3.7 million barrels a day. The country has the second largest oil reserves after Saudi Arabia but its oil infrastructure was badly damaged in the first Gulf War and has been starved of investment since. The relatively sanguine reaction of markets to this latest disruption to Iraq's oil exports reflects a growing perception that the tight supply situation is easing, and of a winding back of speculative positions held by hedge funds. Wednesday's release of the weekly U.S. commercial crude inventories report is expected to show a further increase in both crude and gasoline stockpiles. Meanwhile, the Commodity Futures Trading Commission says net long positions--bets that prices will rise--have fallen from 65,287 contracts to 36,411. forbes.com