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Microcap & Penny Stocks : Leah Industries, Inc. (OTC-BB-LEAH) -- Ignore unavailable to you. Want to Upgrade?

To: Vince Moretto who wrote (1470)	3/9/1999 2:37:00 AM
From: Baldur Fjvlnisson	Read Replies (1) \| Respond to of 2153

Mobil certainly seems to have high hopes for the region: mobil.com 1/18/99 In ancient times, the Silk Road linked China with the West and provided sustenance to the peoples of Central Asia. Today, the nations of this region are seeking to build a new route -- based not on the commerce of silk and gold, but on oil and gas -- to secure economic and political sustenance for its citizens. This region is important for its geological riches and geopolitical location. The Caspian Basin has the potential to rival the energy resources of the North Sea. For energy consumers that's good news because these reserves bring greater diversity and balance to world energy supplies. The region could become a major energy hub if pipeline routes can be developed to move its energy to market. Since 1992, Mobil has committed nearly a billion dollars to exploration and producing projects in Azerbaijan, Kazakhstan and Turkmenistan. And we're partnering with Kazakhstan, Russia and others in the Caspian Pipeline Consortium (CPC) to bring Kazakh oil to Western markets via Russia. A trans-Caspian pipeline system to Turkey, we believe, would complement the CPC and provide another economical and reliable transportation option. The U.S. appreciates the region's enormous importance -- its energy resources, as well as its strategic location with Russia to the north and Iran and the Persian Gulf to the south. The countries of Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan are at a pivotal juncture. They are new to democracy and eager to develop their economies. Energy exports could provide revenues to foster a climate where national sovereignty and independence can take root. Political stability is a key prerequisite. The U.S. has committed itself to helping these nations remain independent, with viable economies. That's why a number of U.S. senators are supporting the Silk Road Strategy Act, which would encourage the transition to free markets and promote greater U.S. trade and investment in the region. The goal is to engage these nations in their drive for sovereignty, encourage regional cooperation and help build their fledgling economies. Development of a reliable East-West pipeline system from the region to Turkey and beyond is an important step. By tying the nations of Central Asia to the Caucasus and ultimately the West, transportation linkages provide an opportunity for cooperation and openness. The entire region has an important economic stake in the venture. The Silk Road Strategy Act would also repeal the ban on aid to Azerbaijan. Removal of the ban would enhance the U.S. government's ability to play a constructive role in developing a just and lasting solution to the conflict between Armenia and Azerbaijan. Such a solution can lead to enhanced economic development in both countries, help reduce the suffering of Azerbaijan's one million refugees and contribute to overall regional peace and prosperity. We urge Congress to give a green light to this vitally important region by enacting the Silk Road Strategy Act.