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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Oil who wrote (1098)	12/16/1998 11:55:00 PM
From: Kerm Yerman	Read Replies (2) \| Respond to of 15703

Raythe / War Effect Any oil price increase due to the Iraq Strike will be minimum - in my opinion. With the exception of crude supplies from Iraq, I simply don't see any effect on the overall world supply situation. If this situation gets to the point where land troops get involved, the effect would increase in nature. If I am in error in my judgement and there is an exceptional price increase, I think it would re-trace back to current near lows after the dust settles. In regards to the smaller players in the Lost Hills play, I wouldn't think the Iraq situation would have any impact on share prices. If share prices do increase substantially over the next couple of days, I think one could expect a correction thereafter. I think the markets will reflect that this is a temporary situation and the current oil glut situation will be the prevailing dominant factor. Just one person's opinion