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To: Sarmad Y. Hermiz who wrote (108041)9/6/2000 10:22:03 PM
From: Glenn D. Rudolph  Read Replies (3) | Respond to of 164684
 
Sarmad,

GST was referring to refining capacity. Not recovery or availabily of crude. I believe it is a fact that refining capacity is now inadequate based on the current draw down. You may be correct about the cause of the currnet draw down but it is far too late in the season to change that picture.

I do not agree this will have a lot of impact on the market. Were looking at possibly spot shortages of distillates used for heating more than anything.



To: Sarmad Y. Hermiz who wrote (108041)9/6/2000 11:52:59 PM
From: GST  Read Replies (2) | Respond to of 164684
 
Its too late. The refineries couldn't catch up now if they tried. Its beyond OPEC. The products cannot be refined fast enough. You do not use crude oil. You use refined products. Its too late. We are in for a hard landing.


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