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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Archie Meeties who wrote (32916)11/1/2000 1:34:49 PM
From: pater tenebrarum  Read Replies (1) of 436258
 
i think you're right...the entire energy complex is rushing higher. lowest inventories since '75! however, MUCH more oil is consumed than in '75....the energy crisis is going into its next stage. like Luc said, it will take a stock market BK to get energy to behave. did you see the link i posted on VLCC's ? rates have soared by 45% over one week...only 4 tankers are thought to be available for Persian gulf shipments this month. there's no way for inventories to improve...oil cos. are battling over the dilapidated oil transport infrastructure.
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