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Technology Stocks : All About Sun Microsystems
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To: QwikSand who wrote (35126)9/9/2000 7:47:56 AM
From: JDN  Read Replies (1) of 64865
 
Dear QS and all: I dont agree. Refineries dont care too much about the COST of oil (in fact I think they prefer it cheaper) its the AVAILABILITY and DEMAND they care about. I think there is going to be an oil crisis and here is why: Those countries that HAVE THE OIL have not made the infrastructure improvements to increase capacity to pump <example Russia who has PLENTY OF OIL but aging facilities, Saudi Arabia who also has a lot of oil but no NEED to increase capacity to pump ie small country stretch out the resource>. All these problems stem back many years to when Nationalization occurred. If one wants now to invest in oil I suggest the drillers they are the ones who will get a lot more business. Now, the reason capacity to produce is now stretched is because formerly 3rd world nations ARE IMPROVING their lot. Bicycles just dont cut it anymore, plus factories up and operating require POWER. JDN
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