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: ItsAllCyclical who wrote (57870)	1/4/2000 6:02:00 PM
From: The Ox	Read Replies (1) \| Respond to of 95453

GS picks for 2000. Includes APC - Anadarko Message 12463095

To: ItsAllCyclical who wrote (57870)	1/4/2000 7:37:00 PM
From: upanddown	Respond to of 95453

17 million barrels of U.S. crude oil, gasoline and distillates stockpiled by distributors in case of Y2K problems were not needed, a research note from GNI Research said. The stockpiled petroleum should be returned to the U.S. market this month. Jim, seems like mostly dumb wording more than anything. What the hell is a crude oil distributor or a gasoline distributor? Crude oil is primarily producer to refiner and gasoline is primarily refiner to retailer and with the vertically-integrated majors it is mostly the same corporate entity at each level. The product I think may have been unnecessarily stockpiled and will be pressured is heating oil which is sold thru distributors. The goofy eastern weather (56 in Buffalo in early Jan!!!) will also hurt but the storage numbers are way below last year. Returned to market? Is that like Barnes and Noble returning books that didn't sell at Christmas? I think in this tight labor market some of these minimum-wage "journalists" get hired the minute they pass their high school equivalency tests. John