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Technology Stocks : Discuss Year 2000 Issues

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To: Ken who wrote (4756)	3/18/1999 10:04:00 AM
From: flatsville	Read Replies (3) of 9818

Ken-- Your wrote: >>>Of all the sectors underpinning the maintenance of modern civilization, oil/diesel/refined oil (disregarding the entire chemical industry for illustration here), I believe is one of the most 'fragile' by far (taking into account the potential of disruption of each/all of its 10 layers), and one of the most likely to lead to a total collapse.....<<< Which apparently could be measured in days post 01/01/00 (aside from U.S. strategic oil reserve) (courtesy of csy2k) -------------------------------- looks like oil is a JIT enterprise: only 7 days worth on hand ??? cnnfn.com Traders will be watching for signs of an acceleration in the draining of inventories, which are estimated at a surplus of 500 million barrels on the 75 million-barrels-a-day world market. <Picture>While the amount of oil in storage in industrialized countries has eased a little in recent months, there still are four or five more days of inventory cover than analysts estimate as an operational norm. ----------------------------------------------------

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