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To: schrodingers_cat who wrote (108141)	9/8/2000 10:19:55 PM
From: GST	Read Replies (2) \| Respond to of 164684

Dear Cat -- thanks for the great article - I should not be surprised that denial is the order of the day around these parts -- who would have thought that the "new economy" would fall victim to oil? In fact, it may be that the "new economy" was fueled by cheap energy far more than any of us ever suspected.

To: schrodingers_cat who wrote (108141)	9/9/2000 10:53:11 AM
From: Sarmad Y. Hermiz	Read Replies (2) \| Respond to of 164684

>> Tankers are also in short supply: cat, It may be so, but a year ago, one of the reasons used in explaining the low price of crude was that ALL of the transport tankers were full of oil and waiting to unload, and ALL of the storage tanks were full of oil and couldn't accept any deliveries. So the producers had to beg shippers to take their oil at $10/brl, and no takers. The refiners didn't want the oil because there was no market for any additional refined products. I do understand how commodities work, but do you think all that capacity got destroyed in a year ? I haven't heard of tankers being de-commissioned or sinking. Besides, as has been said umpteenth times, there is a huge amount of energy waste in the US, and high price will work like magic to encourage conservation and efficiency. And hopefully get most SUV's off the road.