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

To: Tomas who wrote (75223)	10/1/2000 11:56:59 AM
From: Sharp_End_Of_Drill	Respond to of 95453

Tomas, outstanding post on the effects of JIT to the energy complex. I particularly like: <<<Given that annual carrying costs of inventory in the oil industry can amount to about 25 per cent of value, there is a big incentive to keep stocks at levels just above that which might cause sales disruptions.>>> This supports my issue submitted for the SI press release: Item X) Tax laws that heavily penalize inventory will encourage refiners to build stock for the coming winter. You could make a similar statement for gas storage. Stay tuned.... this JIT inventory disaster is just gearing up to rear it's ugly head. Got natural gas? Sharp