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Gold/Mining/Energy : Canadian Oil & Gas Companies
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To: teevee who wrote (6567)6/13/1999 2:58:00 AM
From: Kerm Yerman  Read Replies (2) of 24921
 
Teevee / Y2K & Pipelines

Talk about being blindsided.

You're definitely asking the wrong guy on this subject. I'm not Y2K compliant - I really don't understand it, thus I have no feel on the impact it may have have on industry.

Unless someone qualifies themselves, I don't think you will get an answer here. The pipeline companies themselves would have answers to the "if this and if that" type questions.

However, I do have a contrary view of this situation if it occurs. I don't see crude prices crashing, in fact -- just the opposite.

If a refinery doesn't process crude products, everything would backup to the oilfield. Storage wouldn't increase beyond whatever capacity is available. I think that is what you're saying. In this scenario, there would be a lack of supply versus demand. Prices would initially go up until processing would allow shipments again. There would be a splurge of supply thereafter which would bring prices back down.

Have you read a specific article which brought about the question?

In regards to natural gas, in my mind -- it is the place to be if we're talking North America and to go further - Canada. Canadian producers will be seeing consistently higher prices never experienced in the past. A growing company in terms of increasing natural gas reserves and production will benefit two-fold.

Price + production = significant company growth.

However, if we are talking at the international level, it depends on the region. There have been gigantic natural gas discoveries made in recent years where there is limited or no markets for the product.

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