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: jim_p who wrote (71072)	8/17/2000 8:30:00 AM
From: jim_p	Read Replies (1) \| Respond to of 95453

Another downgrade: Frost downgrades BHI to BUY, price target $42 Moody's assigns, cuts FGH debt rating. Glad I sold FGH, but wish I had UFAB and HOFF back. quotes.freerealtime.com Jim

To: jim_p who wrote (71072)	8/17/2000 8:34:03 AM
From: Think4Yourself	Respond to of 95453

I was reading something last December that struck fear in my heart. At that time I figured it highly unlikely but with all the media attention it seems much more likely now. It had to do with gasoline shortages. The average person has a half tank of gas in his/her vehicle at any given time. If people feel prices are likely to jump, or shortages are coming, they are likely to top off their vehicle's tanks. DOE was concerned about Y2K fears causing this. It is quite likely for Labor Day. Think about those millions of Excursions, Navigators, and Suburbans. 40+ gallons a vehicle, the gasoline from 2 barrels+ of oil. If everyone topped off, or if only 50% topped off, what would happen to prices and stocks? Same types of issues for heating oil. If I were heating with oil I would be MUCH more concerned about not being able to get it than to save a few bucks. I wonder how many people are foolishly waiting to refill, ignorantly hoping for the price to go down. It sounds dumb to us but most people don't really understand what is going on with the stocks and refineries.