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

AMZN 227.61

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12:02 PM EST

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To: Sarmad Y. Hermiz who wrote (111983)	11/20/2000 11:20:20 PM
From: schrodingers_cat	Read Replies (1) of 164684

> If there is a shortage of refinery capacity, what is the point of paying a high price for crude oil that can neither be shipped (due to tanker shortage) nor refined (due to refinery shortage) ? I think there is also a shortage of crude, and hence high prices, which is artificially being maintained by Saudi Arabia/OPEC. IMO the Saudis will be very careful not to pump more oil than can be shipped because that would depress the price of oil in the Persian Gulf without decreasing prices in New York. The tanker companies would get rich at OPEC's expense and the oil consumer would still be hurt by high prices. Perhaps Saudi Arabia would ship more oil if they thought there were enough ships and refineries for it but they do not want to see shippers and refiners getting rich at their expense. The reason I am focusing on tankers and refineries is that I think this is where the bottleneck is, and it is one that will take time to solve. All IMO of course.

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