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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?


To: Nemer who wrote (13690)11/7/1997 1:22:00 PM
From: Joe S Pack  Read Replies (2) | Respond to of 50167
 
There is lot of oil politics involved in this Iraq situation.
Oil companies are looking for some execuse to jack up the price.
Iraq is a much better execuse than anything else. You can imagine
how high oil politics can play. Coming winter is going to be another boon for the oil companies. Investing on a few oil companies
on a 3 to 6 months basis will be a decent chioce. If there is oil index, that will be a good opportunity IMHO.

-Karun



To: Nemer who wrote (13690)11/7/1997 3:23:00 PM
From: Gaston Teran  Read Replies (1) | Respond to of 50167
 
I disagree regarding Saddam Hussein creating trouble for profit. Desert Storm wasn't free, it cost his country tons of money. Also, remember that Iraq does not have the democracy of the U.S. I am no expert on how much corruption exists in the country, but I am sure Hussein could find much better ways of using his power to make a few bucks than to pick a fight with the greatest nations on earth and almost get himself killed (or overthrown). On top of that, we are talking about war, a very traumatic experience. It just doesn't make sense to me why one would risk so much for a small chance to make a buck.

Gaston