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To: kormac who wrote (58680)	1/19/2000 12:16:00 AM
From: kormac	Read Replies (2) \| Respond to of 95453

Venezuela's PDVSA declares force majeure on gasoline exports "Venezuela state oil firm PDVSA declared force majeur for an unspecified period on its exports of gasoline from the Paraguana peninsula, where the company's 2 export refineries are located. The move comes after PDVSA shut a gasoline-producing unit at is Amuay refinery while a similar unit at the Cardon plant was being restarted after a 2-month shutdownú." The next bullet press release said: "Mechanical problems have forced Venezuela's state oil company to shut the 110,000-bpd catalytic cracker at its 635,000 Amuay refinery, sources at the facility said. The unit is completely shut and will not be returned to service for 15-20 days." Edit: Here is a confirmation of this story. universal.eud.com Caracas.- Petr¢leos de Venezuela (Pdvsa) inform¢ que la Unidad de Desintegraci¢n Catal¡tica de la Refiner¡a de Amuay, en el Centro de Refinaci¢n Paraguana, entrar en operaciones dentro de un per¡odo estimado entre 24 a 30 d¡as. Seppo

To: kormac who wrote (58680)	1/19/2000 8:36:00 AM
From: Think4Yourself	Respond to of 95453

Seppo, I agree with you that the rotation is just starting. Also find your comments about conservation and bills to be accurate. Gasoline could go up to $1.99 a gallon and folks around here still wouldn't conserve. They'd whine, but not conserve. As has been pointed our on this thread, oil prices are very cheap when inflation adjusted. I see no reason why gasoline shouldn't go over $2.00 a gallon this year, like it is in the rest of the world. As OPEC is only now discovering, Americans are relatively insensitive to oil prices. We have been for quite some time. I know all the worthless industry "experts" would be surprised if gasoline breaks $2 a gallon this year but, will anyone on this thread be really surprised? If OPEC continues to act in their collective best interests...