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To: patron_anejo_por_favor who wrote (23536)10/2/2000 11:47:53 AM
From: AllansAlias  Respond to of 436258
 
LOL. Everything just sort of reads flat for me here and am standing aside but wanting short. I continue to believe that it "wants" up but "needs" a cleansing down.

Money printing frenzy may avert the need for down.

XMI having a very strong day. More mindless rotation out of tech generals I suppose.

Crude wave 5 getting a nice start. -g You know what SPR stands for right? Strategic Pullback for Rally.

Speaking of waves up, methinks that TYX wants to go again too.

UTY double-top is forming-up nicely I see.



To: patron_anejo_por_favor who wrote (23536)10/2/2000 12:31:11 PM
From: Ken98  Respond to of 436258
 
<<Fresh sabotage paralyzes Colombia oil pipelines

BOGOTA, Oct 2 (Reuters) - Two key Colombian oil export pipelines have been shut down for more than a week following a fresh spate of explosions this weekend, in a crippling wave of attacks by Marxist rebels, state oil company Ecopetrol said Monday.

A company spokesman said the main victim of the attacks was the 230,000 barrel-per-day (bpd) capacity Cano Limon pipeline, which carries crude from the Cano Limon field operated by Occidental Petroleum Corp (NYSE:OXY - news) to the Caribbean lifting terminal of Covenas.

Repair work on a section of the pipeline ruptured in a bomb attack on Sept. 23 was near completion when it was dynamited again Saturday evening, in an rebel-dominated area 31 miles (50 km) west of the Cano Limon field, the spokesman said.

With Saturday's attack, the Cano Limon pipeline -- long a favourite target of guerrillas opposed to what they see as excessive foreign involvement in Colombia's oil industry -- has been bombed at least 67 times this year and looks almost certain to break last year's record of 79 attacks.

This year's sabotage, according to Mines and Energy Minister Carlos Caballero, has spilled more than 176,000 barrels of crude. By contrast the grounding of the Exxon Valdez tanker off Alaska in 1989 -- one of the world's worst oil accidents ever -- spilled 260,000 barrels of crude.

According to a report in Monday's editions of Bogota respected El Espectador newspaper, a virtual rebel bomb blitz on the Cano Limon since late July has also caused Colombia's oil exports to fall by 24 percent in August compared to the same month last year.

Additionally, it has forced Occidental to repeatedly cancel or delay shipments from the 105,000 bpd Cano Limon field.

In a related development, the Ecopetrol spokesman said the Transandino pipeline in southwest Colombia was bombed another four times over the weekend, in an area where rebels and right-wing paramilitary groups have staged bloody clashes for the past week.

The 185-mile (300 km) pipeline pumps about 100,000 barrels of crude per day, including 45,000 bpd of Ecuadorean oil, to Colombia's Pacific coast lifting terminal of Tumaco.

All tolled, rebel sabotage has paralysed the Cano Limon tube for the last 11 days and the Transandino for nine.>>