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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (38813)	8/11/1999 3:31:00 PM
From: long-gone	Read Replies (1) \| Respond to of 116762

<<Contrary to the ususal Y2K stuff from Wash, this one speaks of the probability of global recesion.>> But you know, As most of the disruptions will happen outside our shores, some things may well boom. Can we even refine all the oil we use as a country? I know we can't produce enough oil, but do we still have enough refinery capacity? I know we are buying many petro-chemicals elsewhere. Is it due to capacity or cost? I know of several refineries which have been closed, moth-balled, or are operating at a greatly reduced capacity. And of the repair parts for all these imported goodies we have been buying hand over fist the last few years? If the disruptions of supply last more than two weeks things could get very interesting. It may not just be "imported" items. Has anyone looked into the number of new & repair parts for "American" cars built in Mexico? This morning I heard on TV as of July, three of the major Swiss banks were not Y2k ready, one had not even started work.