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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: William Nelson who wrote (23675)6/9/1998 12:49:00 PM
From: Tulvio Durand  Read Replies (1) of 95453
 
...why people are taking delivery at this price, even though storage is already overflowing... I am perplexed as well. How is it possible to take delivery when storage is not available? Obviously there must be some unused storage facilities still available. But when these are gone, deliveries can no longer be accommodated. While I abhor the consequences on oil stocks, I hope for it to happen soon so we can get the worst behind us quickly and thus be able to look forward to a more favorable oil situation. Tulvio
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