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

To: Think4Yourself who wrote (75519)	10/4/2000 1:44:24 AM
From: upanddown	Respond to of 95453

JQP Interesting about the crude numbers is that most of the fluctuations in recent weeks has been in PADD 5. Up 2M one week, down 2M the next. PADD 5 crude production is approx 1.8M, PADD 5 refinery throughput approx 2.6M, both very steady. No east-to-west pipelines so shortfall must be made up with imports. I believe most PADD 5 imports come from Indonesia. I don't believe Venezuela or Mexico supply PADD 5, no Pacific ports and taking it through the canal would make it uneconomical. Can you even take a VLCC through the Panama Canal? There may be some coming from Ecuador or other suppliers on the SA west coast. Wherever it is coming from, weekly changes have to be from fluctuations in tanker traffic. Long trip and as we have noted, long return trip. PADD 5 was energy-independent until recent years. Remember the controversy years ago about selling Alaskan crude to Japan? Don't hear much about that anymore. John