An add to my post Murder in Saudi Arabia, on damage to the oil business in Saudi Arabia Pipes, in a radio interview, thinks that terrorizing westerners out of the country would be a bigger coup for the terrorists than destroying or damaging refineries. Either way the Royal Family will now have to deal with the terrorists because they have killed Saudi citizens, as opposed to killing Westerners. Crude is up $1.07 over night. Late add up 1.31 in New York. Keep in mind that a barrel of oil yields around 21 gallons (depending on quality) of gasoline so this represents around five cents per gallon if it holds.
Pisssst you are up $1,500 on your gold if you bought at my buy in of $383. Watch it, gold is linked to oil. And DO NOT roll forward. Get out.
6/01/2004
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