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To: BigBull who wrote (55129)11/20/1999 3:39:00 PM
From: Roebear  Respond to of 95453
 
BigBull,
It's not just Y2K, but events like the blizzard of 96, the winter of 96, the ice storm of 98 (1-5 to 1-9), the Superstorm of 93 that reside in the public conscious and in northern climes have so many driving those lovely gas guzzling SUV's. We have had a number of extensive power outages also, the latest was wind related with Hurricane Floyd in September.

I work at a facility that runs 24/7 364 days a year (off for Christmas) and the folks on my crew that could not fight their way home in their 4 X's through nearly two feet of snow in 96 ended up staying at work for the next three days. They weren't happy with their compensation for this grand effort and many swore not to do it again.
Consequently, nearly all now have purchased an SUV since that storm.

Furthermore, the prospects of possible winter storms cause folks in the area to fill an extra can or two of kerosene, gasoline, etc. Especially the "rural" folk who live in the quite extensive exurbia here have stocked up on fuel and in many cases generators which also require extra fuel storage. There are not many Y2K nuts around here, but it just adds a little impetuous to those who decided to prepare for winter weather after being caught short three winters this decade. Also the wealth effect makes the purchases of such "winter insurance" all the more possible. Finally, the internet itself, becoming more and more ubiquitous, with its Y2K sites shouting beware be prepared, not to speak of the Red Cross etc., have pushed a sizeable minority to be prepared for Y2K or at least a sizable storm.

It doesn't really matter if Y2K occurs at this point, there is some small scale retail hoarding going on, enough to effect figures for now. Also if I were a business that relied on fuel for production, it might just be a reasonable assumption that they might top off their tanks in December, just in case. Even though many use NG, they still have fuel oil tanks and multi fuel boilers to get through any tight spots in NG supply.

Got work to do, TTYL,

Roebear

PS, Ironic enough, but have had about 4 brownouts, one lasted four seconds, in the last ten minutes since posting this. No weather to speak of but a light rain. The new APC UPS and power conditioner just keeps humming along and there's a new power supply for the puter on the shelf just in case it doesn't. Laptop and cellphone if need be, I'm one prepared dude VBG.



To: BigBull who wrote (55129)11/20/1999 4:40:00 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 95453
 
Big:

I was merely conveying what investment manager Coxe said in his latest conference call. I do not have the expertise to judge if he is correct about Y2k and oil prices. But thought the thread might want to know what some money managers are saying on this issue.