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Templeton Emerging Markets Inco Message Board

  • umgower umgower Mar 18, 2003 12:59 PM Flag

    Canroys etc.

    A quote from WilmaWatts on CWEI board:

    "CNN is reporting further evidence that Iraq has sabotoged oil fields and will use chemical weapons this morning. Hard to tell these days what is accurate and what is not. If oilfields are physically damaged or contaminated the impact on the market might be quite surprising - crude stocks are at 28 year lows, gasoline prices are rising to all time highs, natural gas storage will be at all time lows soon, depletion rates have soared, US natural gas production is down and will be down in 2003 . . ."

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    • "CNN is reporting further evidence that Iraq has sabotoged oil fields and will use chemical weapons this morning."

      This sure seems likely to me. Either he is completely loony, or he has some kind of plan in place that he thinks will inflict severe damage on America. It is not difficult to imagine a doomsday scenario here, with the mkt quickly becoming the least of our worries. I pray that I am wrong.

    • I read an article a while back that Saddam had remote controlled weapons of mass destruction buried all over Iraq. The plan was to have his troops withdraw and then set them off in front of the pursueing American forces. Never saw anything else in the media about this so probably is a bull story, at least I hope it is.

      • 2 Replies to oldmanknows
      • <<I read an article a while back that Saddam had remote controlled weapons of mass destruction buried all over Iraq. The plan was to have his troops withdraw and then set them off in front of the pursueing American forces.>>

        The plan is logical, IMO. The question is: can our electronic weapons disrupt the remote controlled communications?

        I think JRW or someone else here knows something about these electronic countermeasures.

      • I consider myself a pretty good trader (13.5% annual return every year over the last 5 years), but in those 5 years I've always struggled with Canroys (i've broken even over all)

        It seems when oil goes up it takes the Canroys 6 months to respond by going up as well, when it goes down they respond on the downside in 2 days..

        Added to the enormous complexity of the factors that determine energy prices and exchange rates, the poor liquidity of the stocks, the aggravation over exchange rates, tax withholding on distributions, etc..

        sometimes it just seems to me that unless u happen to have worked in the industry and have a keen understanding of it, why bother?

 
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