Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: jim_p who wrote (72299)	9/5/2000 11:12:53 AM
From: BigBull	Read Replies (2) of 95453

Jim, Re Tankers: This article confirms what Raymond James is saying about tankers. What happens if a major refinery blows and the tankers have to re-route? Very screwy stock data, that's what. Should be an interesting winter. So hopefully the OSX dribbles down below 130 pre opec so I can finish loading MY tanker. ;o} quote.bloomberg.com Shipping capacity has also been cut as tighter rules governing ship design have forced freight lines to scrap 20-year-old tankers. ``There's an extreme imbalance in demand and supply which can't be corrected so quickly,'' said Yoshio Takanashi, general manager of the tanker division at Mitsui O.S.K. in Tokyo. ``I'd say this trend will continue for another 6 months.''

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