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Technology Stocks : Discuss Year 2000 Issues

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To: Jim who wrote (9488)12/23/1999 4:40:00 AM
From: C.K. Houston  Read Replies (3) of 9818
 
<Even CK has obviously been convinced that there will be no problems
worth reporting since she has not posted here in months.
>

LOL - Surely you jest.

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US DRIVERS URGED NOT TO FILL GASOLINE TANKS FOR Y2K
WASHINGTON, Dec 22 (Reuters) - U.S. Energy Secretary Bill Richardson warned motorists on Wednesday not to completely fill their gasoline tanks due to fears about Y2K computer problems, because the rush to service stations could disrupt fuel supplies.

``Gasoline is plentiful and the industry is confident that its pumps will work throughout the (Jan. 1) rollover,' Richardson said. ``There's no need to top off your tank right before the year ends.' ...
biz.yahoo.com

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BP AMOCO INSTALLS Y2K CONTINGENCY PLANS
The signs that BP Amoco jobbers and dealers received this week are a bit chilling and evoke some of the worst memories of the Nixon and Carter presidential administrations.

Examples:
- "Station Temporarily Out of Fuel"
- "Pumps Are Out of Order, Store is Open"
- "Station Temporarily Closed"

But there are also some new placards that illustrate the reliance that gasoline retailing now has on technology, thanks to automated sales:
- "Closed Due to Technical Difficulties - We Will Reopen Soon"
- "Pay at Pump Not Available - Please Pay Inside After Pumping"
- "Cash Only For Fuel Sales"

BP Amoco included the signs in a special Y2K preparation package that was sent out to its wholesale and retail
marketers across the country last week ...

FROM: Oil Price Information Service
greenspun.com

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EXPLORER TO SHUT PIPE TEMPORARILY NEW YEAR'S EVE
NEW YORK, Nov 15 (Reuters) - Explorer Pipeline Co. said ... it plans to idle its entire oil products pipeline system, which feeds the U.S. Midwest, for 20 hours starting on New Year's Eve to guard against any unexpected Y2K incidents ...

The Houston-to-Chicago Explorer Pipeline, the second largest refined products pipeline in America and jointly owned by eight oil companies, can pump as much as 700,000 barrels per day of refined products like gasoline and distillates.

Colonial, the No.1 pipeline firm, has already announced an eight hour shutdown of its entire 8,480-km (5,300-miles) long oil products line from Houston to New York, starting before midnight December 31, to avoid any such disruptions...
biz.yahoo.com

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Y2K FEARS MIGHT DRIVE GASOLINE SHORTAGE
Millions of drivers will top off their gasoline tanks in a last-minute year 2000 rush that might make lines at ATM machines and supermarket checkouts seem tame by comparison ...

People can stock up on cash, food, batteries and water over days or weeks prior to Jan. 1, 2000. But for the average person, there is no safe way to stockpile gasoline. The rush to fill up will occur mostly Dec. 30-31, because most drivers won't risk facing Y2K with their gas gauges on empty.

Some stations - perhaps many - could run dry for hours to days. Here's why ...
usatoday.com

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U.S. CONTINGENCY OIL PLAN IN PLACE FOR Y2K
WASHINGTON (REUTERS) --Energy Secretary Bill Richardson today said he sent to the White House contingency plans to sell oil from the Strategic Petroleum Reserve in case of a supply disruption caused by Y2K computer problems." ...
news.cnet.com

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PDVSA RED ALERT
CARACAS -- December 10 -- Venezuela's state-owned oil company PDVSA plans to call a red alert on Dec 31, in which it will tell clients it cannot be held responsible for late oil shipments due to computer bug problems. The red alert will stay in place at least until Jan 5, even if there are no major problems, and the company will also reduce operations to a minimum until PDVSA officials confirm there are no problems due to the bug ... [This article came out before the disasterous flooding in Venezuela.]
petroleumworld.com

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ARAB GULF OIL PRODUCERS MAY NOT BE PREPARED FOR MILLENNIUM BUG, UN SAYS
Dhahran, Saudi Arabia, Dec. 19 (Bloomberg) -- Gulf Arab states responsible for half the world's oil reserves may not be adequately prepared for the year 2000 computer problem, the United Nations and U.S. government officials said.

Computer failure and resulting disruption to production and transportation facilities in the six Arab Gulf states -- Saudi Arabia, Kuwait, Oman, Qatar, the United Arab Emirates and Bahrain -- could boost oil prices, which have already more than doubled this year ...

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Jim,

Are you gonna fill your tank?

Cheryl
8 Days until 2000

I apologize to all who have PM'd me and who I haven't been able to respond back to. Have been very busy. Have been out-of-town visiting family in midwest. Haven't been on-line much. Just don't have time, nor inclination, to post these days. Time is valuable. Hope everyone has a safe new year.
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