Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: DYW who wrote (26988)	8/4/1998 7:45:00 AM
From: Gameboy	Respond to of 95453

Chief Inspector Cuts Short Iraq Mission search.news.yahoo.com DYW, I think it should bolster the futures price of oil. The sagging price of oil has enabled Iraq to sell larger than expected quantities because the UN agreement of oil for food they were operating under was based upon revenue received. As the price dropped, they were allowed to sell more. My understanding was that they were already selling more than they could produce and were drawing on stored supplies. Lifting the sanctions would have had no practical effect until Iraq obtained badly needed repair parts and upgraded their equipment but not lifting the sanctions can't hurt the price of oil. Best of luck, Steve