WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 172.26

-2.2%

Dec 31 3:59 PM EST

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To: Art Bechhoefer who wrote (26914)	11/2/2004 5:41:48 PM
From: Dave	Read Replies (1) of 60323

Art, The decision not to use the strategic reserve to stabilize oil prices definitely has resulted in windfall profits for the oil companies The "windfall profits" as you say is more a function of FIFO based accounting. The oil companies appear to be extremely profitable right now, but their oil inventories must be replaced at these higher levels. Therefore, the "excess" profits are not sustainable and, the market, currently views the integrated oils as such. Dave

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