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Technology Stocks : Discuss Year 2000 Issues

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To: Ken who wrote (7633)	8/4/1999 2:49:00 AM
From: foobert	Read Replies (2) of 9818

Total oil industry collapse? Total grid collapse? (NOT) 1. Who is R.C. and why is he writing about oil and natural gas in a website devoted to gold? Information this vital certainly should be pointed out to the oil and gas industry. (or is RC trying to get me to buy gold?) 2. His report claims to contain vital information heard from a "close relative that works in mid-level management in the refining division a major of a oil company". Investigative reporting at it's best except for one thing: 3. The same words appear almost verbatim in the newsletter of the great Schultz - winner of a jelly bean award. R.C's report is dated June 21, 1999 and Schultzies, which is undated. WHO IS COPYING WHO? See for yourself. Print these two reports, place them side by side and look for: "Most oilwell embedded systems". (page 2 on both reports) gold-eagle.com and gold-eagle.com 4. Inaccessible wellheads in several thousand feet of water. First, all wellheads are accessible - otherwise how else are you going to get the oil or gas out of them. Second the depths of most offshore wellheads are in hundreds of feet not thousands. An honest mistake? Sloppy reporting? Ignorance? Educate me if I am wrong - point me to one instance of an offshore wellhead in several thousand feet of water, preferably an inaccessible one. Look here to see an offshore rig oceanstaroec.com 5. Wellheads loaded with imbedded systems. Reported by "oil industry computer engineers, who were working on changing out the rigs systems". Rigs systems??? Were these engineers working on a drilling rig? If so, then they know that all the imbedded systems that go down the well also come back up. This is a normal routine done while developing or servicing a well by service companies like Haliburton or Schlumberger. Once again, how about a report of an actual instance of an imbedded system failure on a wellhead. This should be easy to do since there are so many claimed. Want to see a real insider report? This is from an integrated oil company - one that produces, transports, refines and sells oil and gas products. shell.ca Take this whatever way you want. It is part of their Y2K disclosure that appears on financial statements as mandated by the stock exchange on which they are listed. So you can bet every word has been approved by a high priced lawyer. I can guess what kind of a reaction that will bring from the doomsters. (disclamer: I do not work for nor own shares in the above or any other oil company)

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