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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: RGinPG who wrote (7787)	1/12/1998 11:44:00 PM
From: Patrick J. Saunders	Respond to of 95453

Ron, Put the chart in the form of a .gif file. Put the gif file on your ISP's file space. Create a URL, pointing it to the file (gif) on your ISP, then post the URL to the SI page. good luck. Pat PS: I like BDI for what I see as the limited down side potential due to the recent IPO....Hope my wishes prevail...

To: RGinPG who wrote (7787)	1/12/1998 11:53:00 PM
From: The Perfect Hedge	Read Replies (3) \| Respond to of 95453

Ron- What is the symbol for price of oil? PICKED THIS UP: >>onday January 12 10:25 PM EST U.N. Arms Inspectors Ordered to Defy Iraqi Ban BAGHDAD, Iraq (Reuters) - United Nations weapons inspectors are under orders to press ahead with their work on Tuesday and test the ban declared by Iraq in a fresh crisis over the preponderance of Americans in the inspection teams. For President Clinton, with U.S. planes and warships poised for action in the region, the issue is straightforward: Iraqi President Saddam Hussein "shouldn't be able to pick and choose who does this work," he told reporters at the White House. For Iraq, it is a blunt dismissal of its demands for political balance that the U.N. has sent in a team in which Americans make up more than half the members and all but one of the others come from Washington's close allies Britain and Australia. For the watching world, it will be another test of how far the international alliance that rallied to evict Iraqi forces from Kuwait in 1991 has dispersed and divided, reducing America's scope for leadership in enforcing the Gulf War cease-fire terms. There was no immediate indication of the inspectors' plans for the day, or how the drama might unfold. At U.N. headquarters in New York, the head of the special commission on Iraqi arms, Australian Richard Butler, told the Security Council: "I propose to instruct the chief inspector to seek to proceed with his business tomorrow, January 13, and if possible, until the planned program of inspections is completed." Clinton said he expected the U.N. Security Council to take "strong and appropriate action" if Iraq carried out its threat to block the U.N. team, which is led by Scott Ritter, a former U.S. marine captain denounced by Baghdad as a spy. But three of the Security Council's Big Five -- Russia, China and France -- have shown themselves readier than the United States and Britain to be convinced that all Baghdad's nuclear arms, poison gas, germ warfare weapons and long-range missiles have already been destroyed. The latest crisis erupted when Iraq said on Monday that the new team -- nine Americans, five Britons, an Australian and a Russian -- was unacceptable and could not "conduct any activity in Iraq until it is re-formed ... through balanced participation of the permanent members of the Security Council." A row had been widely expected. Baghdad launched a campaign against American U.N. arms inspectors in October, saying they were deliberately preventing the easing of U.N. sanctions in force since 1990 by refusing to certify that its weapons of mass destruction had been neutralized. A three-week stand-off was smoothed over by Russia with the return of inspectors who had been expelled by Iraq, but the United States kept a large force of ships and planes in the Gulf region, including two aircraft carriers. Clinton did not mention using force on Monday, but officials pointed out that he had never ruled out military action. Clinton said the United States had nothing to do with the selection of Ritter's team. He said they were chosen for their technical expertise and were part of a wider team of 43 inspectors from 16 countries. The Iraqi ambassador to the U.N., Nizar Hamdoon, said Baghdad had no plans to expel Ritter. In Kuala Lumpur, U.S. Defense Secretary William Cohen condemned Iraq's decision but said Washington did not see a need to reinforce the U.S. military presence in the Gulf. Cohen told Reuters Television in an interview in the Malaysian capital that the United States was seeking a diplomatic solution to the standoff. "(Iraqi President) Saddam Hussein should not and is not in a position of being able to dictate who can conduct inspections," said Cohen. "It's the equivalent of a parolee deciding who his parole officer is going to be. It's completely unacceptable, and we would expect that the (U.N.) Security Council will take the issue up and issue an appropriate condemnation of the action on the part of the Iraqis." Asked what the United States planned to do now, Cohen said: "I think the United States will continue to pursue diplomatic initiatives to the point where they exhaust, where we exhaust all reasonable initiatives. We have not reached that point yet." Cohen said Clinton was seeking a U.N.-led resolution to the dispute.

To: RGinPG who wrote (7787)	1/13/1998 10:57:00 AM
From: Czechsinthemail	Read Replies (1) \| Respond to of 95453

Ron, As any fool can see, the prices of drilling and service companies have come down with the price of oil. However, their earnings are dependent on the amount and rates for drilling activity--which do not necessarily track the price of oil. The stronger correlation is with consumption. Earnings for the last quarter should be very strong, and all indications are that drilling activity & rates continue strong. That means big opportunity in these stocks. Baird