01/18/2006

Oil Roils the Markets (again)

Hello:

Once again the markets are reacting negatively to concerns about oil prices as unrest in Nigeria and continued tension with Iran roiled the market. Crude oil for February delivery jumped more than 2 per cent to $65.53 a barrel, its highest level since early October. We would not be surprised if it took about a week for the markets to settle down.

According to Richard Triolo of Allianz Global Investors, the IRS announced last year that it would conduct 200 audits of nonprofit organizations with an emphasis on the fairness of executive compensation. Could this be the beginning of a trend now that 990 forms and 1023 forms are more readily accesible online?

Terri G. Millson, CIMA, CIMC President

Ray Dicius, CSA, GEPC LPL Branch Manager