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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Ken98 who wrote (28011)	10/13/2000 2:30:08 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 436258

in a cold winter all this maneuvering will come to naught...i vote for abolishing the post of energy secretary until someone has actually formulated an energy policy...

To: Ken98 who wrote (28011)	10/14/2000 1:06:45 AM
From: Ken98	Read Replies (1) \| Respond to of 436258

Heating oil update Billie Richardson - why are you pimping the fact that 2.5M (not even the 4.5M you originally thought) barrels of heating oil of the original 30M will not be shipped overseas? <<NEW YORK, Oct 13 (Reuters) - Key oil refiner Hovensa has no involvement in part-parent company Amerada Hess' (NYSE:AHC - news) agreement with the U.S government to stop heating oil exports this winter, a spokesman for the largest refinery in the Western Hemisphere said on Friday. ``It's not been raised with Hovensa,'' the spokesman said. A joint venture spokesman added later that Hovensa was sensitive to the U.S. government's concern over heating oil exports adding that the refinery targeted the U.S. mainland with its 545,000 barrels per day of production and had no plans to export heating oil this winter, Hovensa's St. Croix refinery in the U.S. Virgin Islands in the Caribbean, owned by the Amerada Hess and state-owned oil company Petroleos de Venezuela SA (PDVSA), U.S. Energy Secretary Bill Richardson said on Friday that Amerada Hess was one of several major U.S. oil companies have agreed not to export heating oil under current conditions of tight supply. Amerada Hess' only other oil refining interest in the U.S. is its own catalytic cracking unit in Port Reading, N.J., which produces about 60,000 bpd of mainly gasoline, according to industry sources. The Clinton administration's efforts to boost dangerously low heating oil supplies in the Northeast region have been offset by reports that U.S. refiners were shipping heating fuel to Europe, where the products fetch a higher price. The other firms that will keep their refined heating oil in the U.S. market are Equiva Trading and Motiva Enterprises, which are both joint downstream ventures of Royal Dutch/Shell Group's (quote from Yahoo! UK & Ireland: SHEL.L) U.S. unit Shell Oil, Texaco Inc. (NYSE:TX - news) and Saudi Aramco.>>