Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: GREENLAW4-7 who wrote (73840)	9/19/2000 9:29:13 PM
From: anyer	of 95453

Greenlaw, There is plenty of oil; just no way to get it here. Kuwait warned today that there were not enough tankers to put the oil in if they increased production. Saudis are supposed to open the SPIGOT and let it run out on the ground, I guess. Our demand has outstripped the logistics to bring new supply to our refiners. I believe it takes 2 years to build a tanker. So tight supply will remain until either 1)domestic production increases, 2} More tankers come online, or 3} Demand pattern falls in US. Since 1} is not likely anytime soon[depletion], takes years to build tankers or pipelines; I will be looking for the first crack in SUV sales as an indicator that demand could start to wane. So I expect the price to stay up for some time and since they can't get it here apparently, the price could get outrageous. Who knows, maybe buy crude for 20$ from Saudis and sell here for 40$. Anyone know how to buy at the loading terminal and sell here? If there is a play this way, would appreciate any input. Anyer

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