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To: pater tenebrarum who wrote (65129)	9/29/1999 3:13:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 86076

AU leads the golds, it is the GE of the group, imo

To: pater tenebrarum who wrote (65129)	9/29/1999 3:14:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 86076

TRIN has been positive all day...

To: pater tenebrarum who wrote (65129)	9/29/1999 3:15:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 86076

KO and G continue to be destroyed.... MSFT inching down... that stock MUST be ramped if this mkt is going for one more ride... it has TOO much mkt cap to be left behind

To: pater tenebrarum who wrote (65129)	9/29/1999 3:20:00 PM
From: flatsville	Read Replies (1) \| Respond to of 86076

For those of you following the energy sector, oil and natural gas specifically. Fair Use/etc... (no url on either article, courtesy of South African Press Asso.) Iraq decides to wait and see on Y2K oil disruption By Nadim Ladki BAGHDAD, Sept 29 (Reuters) - Iraq's oil industry is not prepared to deal with the millennium bug and may well be forced to shut down production and exports at the turn of the year, a reliable industry source in Baghdad said on Wednesday. The source told Reuters that Iraqi oil officials were aware of the year 2000 computer problem but had decided to avoid the multi-million dollar cost of dealing with it. Asked what the oil ministry was doing to counter the Y2K changeover, the source said: "They are doing nothing." There was no immediate comment from the oil ministry. "There is awareness of Y2K but consultancy is very expensive. The alternative is to lose production over the millennium," the source said. He said Iraqi crude pumping stations and export facilities were likely to be hit by the problem and that engineers would have to deal with disruptions adhoc. Iraq is now OPEC's third largest exporter, delivering an average of 2.4 million barrels a day to world markets over the last month. "Any processing controllers by micro-processors such as distribution control systems or process logic controller (PLC) in computers manufactured prior to 1996 -- like the ones the Iraqis have -- will be unsafe to run any chemical or petro- chemical processes during the 2000 transition,"the source added. "That means most of Iraq's refinery, fertilising plants and gas plants will have to make a decision on shutting down the process or risking the effects of Y2K on their systems." Process pneumatic systems in some refineries would not be affected, he added. Iraq's oil industry, like all sectors of the economy, has been hit hard by U.N. sanctions imposed shortly after Iraqi troops invaded Kuwait in 1990. Iraq is allowed under a deal with the United Nations to export oil worth $5.26 billion every six months to buy food and medicine and other essentials including spare parts toits oil industry. Oil experts have marvelled for the past several years that Iraq has been able to lift its production and oil exports levels despite little funds for maintenance. Iraq has continually produced and shipped more oil than experts hired by the United Nations have expected. It is expected to surpass the ceiling of $5.26 billion for the first time under the current six-month phase of the oil-for-food deal, thanks mainly to the spectacular recovery of oil prices this year and increased production. REUTERS 1155 290999 GMT ---------------------------------------------------------------------- Russia Gazprom says 96 pct ready for Y2K MOSCOW, Sept 29 (Reuters) - Russian gas monopoly Gazprom said on Wednesday its computerised operations were 96 percent ready to face possible millennium bug problems. It said in a statement that the company would replace 5,500 computers out of 9,000 vulnerable to the year 2000 problem and modify the remaining stock. Gazprom, which is a major supplier of natural gas to the West, currently uses around 28,000 computers. Various international analysts have repeatedly expressed worries that Y2K could disrupt Russian gas supplies to the West. But Gazprom said it was paying special attention to guaranteeing uninterrupted supplies. "All transport and supply divisions have been recommended to create alert teams to fight anomalous situations and to guarantee immediate warning about them in the period between December 31, 1999 and January 4, 2000," it said. Gazprom discussed joint actions to combat the millennium bug at a conference on Tuesday and Wednesday with its partners and clients from Russia, Ukraine, Belarus, Lithuania, Latvia, Estonia and Moldova. "We expect that as early as October all the parties involved will elaborate a joint plan for mobilising reserve capacities which will include a section on coordination of efforts with adjacent gas transportation companies," Gazprom said. REUTERS 1243 290999 GMT