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To: The Perfect Hedge who wrote (4019)11/30/1997 11:25:00 PM
From: Dwight E. Karlsen  Respond to of 95453
 
Glen, the pressure is certainly intense to allow Iraq to sell more oil:

"There is no God but God, and America is God's enemy," the crowed chanted. One woman shouted, "May God kill Clinton's children."

Yikes. I wonder how she feels about her own glorious leader sending tens of thousands of the cream of Iraqi male youth to die in a) the extended war with Iran (8 yrs?), and b) a rape/pillage/mayhem sojourn to fellow Arab neighbor Kuwait. I wonder how this stupid Iraqi woman feels about the Iraqi soldier who, when guarding the entrance to a Kuwaiti hospital, responded to the pleas of a pregnant Kuwaiti woman to be allowed inside by plunging his bayonet into her abdomen saying "there, now your baby is dead, so you don't need to go to the hospital to give birth".

Iraqi officials have repeatedly accused the United States of intending to uphold the sanctions for as long as Hussein is in power.

More retoric. But it's true that the US govt doesn't like power-crazed dictators who have a track record of being a threat to their peaceful neighbors.

The U.N. Children's Fund (UNICEF) said Wednesday that 32 percent of Iraqi children under 5 years of age were chronically malnourished. This constitutes an increase of 72 percent since 1991, a year after the sanctions were imposed against Iraq.

Assuming this is true, this is one of the results of economic sanctions. Too bad the glorious leader Saddam hasn't responded more quickly to the U.N. request for Iraq to dispose of all of its weapons of mass destruction. Saddam keeps forgetting that WE won the war, and can win another if necessary.

Now that I've vented Glen, I would ask: what, in your opinion would be the result on oil prices if the U.N. dropped the oil sales sanctions completely? I'm thinking the Saudis would simply cut back a little. Maybe I'm wrong, and maybe they don't really care much about the price of oil.

DK



To: The Perfect Hedge who wrote (4019)11/30/1997 11:58:00 PM
From: Broken_Clock  Read Replies (1) | Respond to of 95453
 
Gee, I wonder how the other few hundred million Arabs view the U.S.A.?They probably are sleepless thinking our stock might dip. Not!

Actually, I think this will be temporay. Saudi family is running a big deficit. Lower oil won't help. They want to control the markey, not screw themselves.

This is just another buying opportunity.