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

To: Czechsinthemail who wrote (10349)	2/2/1998 12:28:00 PM
From: Broken_Clock	Respond to of 95453

Baird, I posted a little cynicism over on Roger's Sorts thread.He replied that he will be long the drillers.I repect his picks.He is very astute at picking longs & shorts.He is apparently not short drillers at these prices. Dave

To: Czechsinthemail who wrote (10349)	2/2/1998 12:59:00 PM
From: Tulvio Durand	Read Replies (1) \| Respond to of 95453

The article you quote from is dated Feb 1995. More recent NY Times articles indicate 500% increase in Iraq smuggled oil in the last year alone. This would place these illegal oil shipments at least 1,000,000 bls/day even when conservatively assuming there was no increase in smuggling from 1995 to 1996. Add to this total their legal oil-for-food shipments and you get close to the pre-embargo Iraq oil production numbers. ******************** Illegal Iraqi Oil Shipments Increase, U.S. Says Senior officials of the United States Navy and State Department told a Security Council sanctions committee today that Iraq's illegal exports of oil through the coastal waters of the Persian Gulf have jumped 500 percent in the last year**. These export ... November 19, 1997, Wednesday Section: Foreign Desk 374 words By BARBARA CROSSETTE search.nytimes.com search for iraq oil smuggling ------------------------------------------------------------------------