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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: diana g who wrote (72810)9/10/2000 9:20:35 AM
From: Think4Yourself  Read Replies (1) of 95453
 
Hoping for a pop in techs and a pullback in oil service next week. Very much want to shift my tech holdings back into producers and land O/S.

800Kbbl is decent. Can they produce it and, more importantly, is there shipping capacity to deliver it? Assuming average tanker capacity is 2 Million bbl, and round trip is 8 weeks, we need (800,000/2,000,000)*(8*7) = 23 tankers that are currently not delivering oil/products.

23 additional tankers, and big ones at that. Are they available? My money says not a snowball's chance in Hades.
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