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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.11

+0.9%

Nov 21 3:59 PM EST

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To: GVTucker who wrote (43590)	11/18/2000 9:49:14 AM
From: Victor Lazlo	Read Replies (1) of 77400

The problem is with refining capacity, not with getting oil out of the ground. The refiners are going at full tilt and canot keep up with demand now, just wait till January. The refiners have been doing just in time inventory control, so there is no slack in the refining equation. The big upswing in consumption the last couple of yrs caught the refiners somewhat offguard imo. There is actually not a oil shortage upstream of the refiners though. OPEC is not the issue.

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