Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: dfloydr who wrote (48932)	8/5/1999 8:37:00 PM
From: Roebear	Respond to of 95453

D.Floyd Russell, Well, I know you are aware of a couple of companies that do this kind of work, as do I <ggg>. Go FGI/HLX <VBG>. On a different subject, I was reminded today of an observation I posted awhile back on this board which met with mixed responses. The work I do sometimes has me interacting with the railroad. I could not help noticing the long layovers some freight trains were making on a normally very busy rail corridor. I also know that Norfolk Southern is still having problems with their deliveries. I know from work and from friends who work at companies involving rail deliveries. The problem I hear reported is computer communication problems between two different computer systems due to the railroad merger. I must preface this with the fact that I am no expert on this railroad company and all my info is either observation or hearsay. I must also confess to making the perhaps all too obvious comparison to possible upcoming Y2K problems. Still, I watch the rail situation with interest as a possible practical preview of the Y2K. My supposition in relation to the oil industry is simply this, if some of our companies are having problems with Y2K preparations/situations, foreign companies who are much less prepared for Y2K are likely to have more severe problems. In an industry where disruptions to a pipeline in Nigeria or refinery problems at this or that plant can effect the commodity price, what would the effect be if larger disruptions were to take place with foreign oil suppliers? We are importing over 50% of our oil are we not?? If any hardships are endured by the American public due to disruptions of oil imports from "Y2K gremlins" this could increase sentiment to ramp up domestic production, not to speak of the effect of any resulting price increases. I am not a wild eyed TEOTWAWKI (can't even spell it!?) nut, but I thought I would run this up the flagpole again for discussion. Shoot it or salute it, Roebear