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Non-Tech : Dorsey Wright & Associates. Point and Figure
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To: SpecialK who wrote (9032)8/23/2000 4:11:34 PM
From: Ronald J. Clark   of 9427
 
Word is that even the Saudi's are at full production capacity for light sweet crude at this time. They can produce additional sour crude, but that is not currently in demand and is not suitable for most U.S. refineries. Also note that the U.S. strategic reserve of oil contains much sour crude. Most of the OPEC members are already producing at capacity as is non-OPEC member Norway (one of the world's largest exporters of crude oil). Add to the above the extremely low inventories of crude and petro products as well as low natural gas storage figures, and you have the possiblity of (dare I say it) AN ENERGY CRISIS!
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