Amazon.com, Inc. (AMZN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 217.15

-2.5%

Nov 20 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sarmad Y. Hermiz who wrote (108133)	9/8/2000 9:33:49 PM
From: GST	Read Replies (5) of 164684

Sarmad: You seem to miss the point. More oil CANNOT solve the problem. More refining capacity is needed to solve the problem -- there has been NO NET NEW capacity added for twenty years -- and would take five years to add more now (I do not know of any net-new additions currently in the works). The refining capacity is the issue -- not OPEC. As prices for oil went up this year, refineries waited, and waited and waited for lower prices -- cutting back their refining operations. There is no way now for the refineries to catch up -- NO WAY -- and the longer oil prices stay high the worse this will get. This season it will be home heating AND natural gas AND electricity. Next summer add in gasoline shortages. It is entirely possible that ALL of this will be even worse next year. Forget oil in the ground, none of us can use it until it is refined. Refined energy products will climb in price -- this is the way markets ration things in short supply -- and the shortages are not going to go away in time to save this stock market from the boot to the groin. Good luck.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next