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Gold/Mining/Energy : Global Santa Fe (GSF) (formerly Global Marine) -- Ignore unavailable to you. Want to Upgrade?

To: Stitch who wrote (1224)	2/21/1999 8:06:00 PM
From: gizelle otero	Respond to of 2282

A Recipe for Higher Oil Prices ? Iraq reports it shot down allied warplane.....denied by allies (Sunday evening) Also..... THREATS TAKEN SERIOUSLY Gen. Hal Hornburg, the commander of U.S. air operations over Iraq said Sunday that Iraq did not have the ability to attack Turkey, but could attack bases in Saudi Arabia or Kuwait. Still, Iraq's threats against Turkey, Kuwait and Saudi Arabia for supporting recent U.S. air attacks are being taken seriously, a Defense Department spokesman said earlier this week. “It's a sign of Saddam Hussein's desperation and isolation that Iraq is making such threats,” said Kenneth Bacon, spokesman for Defense Secretary William Cohen. “I think the threats will get him nowhere.” Still, he added, “We have to take seriously threats like this.” Bacon said Iraq could try three ways to carry out its threats: fire Scud missiles, attack by air with planes, or conduct terrorist raids. “All of these would be difficult, given the circumstances that Iraq faces today,” Bacon said, referring to the deterioration of its military since the 1991 Persian Gulf war, the effect of the U.N. economic embargo and the strength of U.S. forces in the area that could retaliate. Iraq's state-controlled media warned U.S. allies Tuesday they will pay a high price for playing host to American and British warplanes that patrol “no-fly” zones over Iraq. The planes have attacked Iraqi air defense installations almost daily in recent weeks in what the Pentagon calls self defense. Iraqi Vice President Taha Yassin Ramadan said Monday that Baghdad would attack Incirlik Air Base in south-central Turkey — used by U.S. and British warplanes — if the jets continue patrolling Iraqi skies. It was the first time in years Iraq has threatened to attack its northern neighbor. In Ankara, Deputy Iraqi Prime Minister Tariq Aziz defended his government's threat. “The U.S. and British planes are killing Iraqis, are destroying Iraqi property and this is not acceptable,” Aziz said Tuesday. “A Turkish airbase should not be used by the Americans and British to hurt Iraqis.” Bacon said Incirlik is at “the very outer edge” of the range of Scud ballistic missiles that Iraq might use against Turkey and is protected by a small contingent of U.S. Army Patriot antimissile missiles. Iraq says it has no more Scud missiles, but U.N. arms inspectors are not sure. Bacon said Iraq's depleted air force would stand little chance against U.S. and allied air defenses in Turkey, Kuwait or Saudi Arabia. “I don't think that they have significant air power to be able to launch a longer-range attack against bases deep inside another country's territory, and it would be extremely unwise for them to try to do that,” Bacon said.