Derivatives: Darth Vader's Revenge Message Board

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Non-Tech : Derivatives: Darth Vader's Revenge

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To: Mark Adams who wrote (686)	12/12/1998 5:23:00 PM
From: Worswick	Read Replies (1) of 2794

Hello to you and welcome to this foruum. Hope you will keep following the oil sector for us here and send us the news when it happens. Today this appeared in the Wall Street Journal vis a vis Nippon Credit Bank in Japan, "....Nippon Credit, established in 1957 to funnel funds to Japanese industry, had assets of more than 12 trillion yen ($102 billion) and more than 2,000 employees at the end of September. It forecast a parent pretax loss of 620 billion yen for the fiscal year through next March because of bad loan write-offs. Last month it disclosed about 3.2 trillion yen in bad or doubtful loans". Bad loans of more than $25 billion dollars? My goodness. And that is just what they... ADMIT TO. Thi, along with the general sickly Japanese insurance, pension and banking sectors (similary damaged) is a HUGE DELATIONARY EVENT... Mark...I'd look at the cost of natural gas, and then work forward saying that 3x to 5x the inputs from that sector will come onto the energy market world-wide, and then look at where you think the cost of oil will be in a 3 to 5 year time frame. This also is huge deflationary. Does anyone know the name of the company that is licensing the natural gas liquification process... to the big oil companies: this process enables natural gas to become a motor fuel additive??? Thanks beforehand. Best to you all, Clark

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