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To: rz who wrote (53987)	10/5/2004 2:20:03 AM
From: Taikun	Respond to of 74559

Mark, Since I'm not a lawyer I may have to defer final judgement to someone else. The experienced oil industry people I have spoken to unanimously believe that the NAFTA agreement somehow restricts how Canada can use its oil reserves. To be honest, I don't understand the passage you sent me. The only analysis I have read on the topic is that the Canadian oil industry people were incensed that Canada gave away something Mexico did not have to. Canada could not reduce US-bound oil exports without a commensurate decrease to canadian consumption in the same proportions. Would not a big purchase by China look like a reduction in future supply? As I said, I don't understand this well. Before we toast, perhaps we could understand what it means. Pre-cheers, David