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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Kerm Yerman who wrote (6563)	6/12/1999 11:42:00 PM
From: teevee	Read Replies (2) of 24921

Kerm, OFF TOPIC Venesuelan refineries produce about 25 % of the refined product(gasoline and deisel) for the american market.....I figure Y2K will knock out their refineries for an undetermined period of time....some other refineries, elsewhere will also likely go down for a while(2 days-2 weeks- 2 months- who knows?)......my initial thoughts and interpretation is that futures on refined product will skyrocket and crude oil futures will crash(with tankstocks full) and with a significant percentage of older refineries down, there will be a temporary glut of undeliverable oil....some fields may have to be shut in temporarily....so, do you have any ideas on how to play this and the timing?......also, at this time, the "market" seems to think gas is a good place to be for next fall....I wonder if this is in responce to anticipated Y2K problems? I look forward to your comments. regards, teevee

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