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.

Strategies & Market Trends : 50% Gains Investing -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (20914)	9/24/2000 8:27:09 AM
From: Dale Baker	Read Replies (1) \| Respond to of 118717

I was reading some of the reaction to the Strategic Petroleum Reserve move late Friday and had a few thoughts: --Most oil and gas stocks will probably take a ding on Monday. But will that last? I doubt it. --Someone pointed out that US refiners only have about 500K barrels per day of spare capacity. So in a perfect world, the system can't take another million barrels every day. And you can't add refinery capacity overnight. --This won't affect natural gas, which fires most power plants now and supplies a lot of winter heat. Looks like a good entry point for anyone not already in NG stocks. We'll see if I'm right. But this does not smell like a fundamental turning point in the oil patch.