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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: dfloydr who wrote (69391)	7/10/2000 9:42:53 PM
From: Roebear	Read Replies (1) \| Respond to of 95453

D.Floyd Russell, Wow, you are not kidding: "But then nothing seems to be making sense in the oil patch the last few weeks" Honest to God, I was watching ABC news for the first time since ?? and they had a French taxi vehicle on which runs on air. And only air! Air is fed into one cylinder and then mixed with compressed air (which begins a thermal reaction??!) to go into another cylinder where it then expands. The compressed air being colder mixed with the warmer ambient air. They further talked about compressed air as being cheap, only $2.00 for 120 miles. At work they are always whining how expensive compressed air is! I think my jaw dropped during this part of the news show. I don't know if there is any real science to this, but it sure struck me funny. As in Oh my, sure glad I sold some oil stocks as they are running cars on air now! ROFLMAO!! Roebear

To: dfloydr who wrote (69391)	7/10/2000 10:11:05 PM
From: Think4Yourself	Respond to of 95453

IMO you hit the nail right on the head with the HO/SPR issue. It's not the crude available, it's the refining capacity. They have to make Gasoline, they have to make Heating Oil. They can only process so much crude and they are nearly at capacity. Sheesh, we are importing tankers of product now. They aren't going to make HO when everyone is WHINING about the price of gasoline. Then there are the co-gen utilities burning oil in the HO category to produce electricity. This is why the Saudi decision to release more crude to "drive down prices" makes no sense, especially right after the large Kuwaiti refinery was destroyed. It isn't OPEC's fault. It is the fault of the bottlenecks for refining for the last five years (mainly the Clinton Administration's policies). Not whining and am pro EPA since I have to breathe the air, drink the water, and eat food.

To: dfloydr who wrote (69391)	7/10/2000 10:17:00 PM
From: Warpfactor	Read Replies (1) \| Respond to of 95453

Re: Windmill power Pacific Gas & Electric has some massive windmill farms here in Northern California. Environmentalists hate them. It seems that hawks, falcons and other large birds of prey are getting killed in large numbers in the rotating blades. Not only are new windmill farms not being considered in future expansion plans, I don't even think that PG&E is bothering to repair the broken ones in the current fleet. I noticed that the XOI has been up for three straight days now, even though OSX issues have been taking a beating. So you know, here is the XOI Index: Index Components Company Name Ticker Symbol -------------------------------- ------------- Amerada Hess Corporation AHC Atlantic Richfield Company ARC BP Amoco PLC BP Chevron Corporation CHV Conoco Inc. COC Exxon Corporation XON Kerr-McGee Corporation KMG Mobil Corporation MOB Occidental Petroleum Corporation OXY Phillips Petroleum Corporation P Royal Dutch Petroleum Co. RD Sun Company Inc. SUN Texaco Inc. TX Total Fina SA TOT Unocal Corporation UCL USX-Marathon Group MRO