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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: gamesmistress who wrote (2053)	3/20/2001 7:04:35 PM
From: Sharp_End_Of_Drill	Read Replies (1) \| Respond to of 23153

If you blip out a refinery's power for 30 minutes it may take several hours to get the units back up and stabilized. A week is an attention grabbing exaggeration. If power were down for an extended period, long enough for everything to cool off / heat up, then it may take half a day. Great stuff in the markets today. It's got me baffled. Why is energy so strong in the face of slowing economies world wide? Why is tech so weak given peoples oft proven tendencies to pay fantasy valuations? Why are the banks getting clobbered in the face of an interest rate cut? Will we climb off of epic VIX & TRIN type numbers or is the day of reckoning coming sooner than expected? If I could figure it out the world would be my oyster. Right now the account is just going sideways, but I guess that beats down. Sharp P.S. On KREM - let it run for a day or two on the split hype and what looks like a bit of manipulation - then slam on some puts and profit from the lockup expiration. I sold my puts last week, but will buy more given a good opp.

To: gamesmistress who wrote (2053)	3/20/2001 7:16:58 PM
From: Raymond Duray	Respond to of 23153

Uninterrptible Power ~ A growing necessity in many industries: Hi Gina, Thanks for the prompt reply! Re: The ratio of 1:336 That is the cost in time of 30 minutes of interrupted power supply to a refinery, according to Verleger's calculation. In the very low margin (~4% ROA) refinery business, we are taking about a huge financial hit, should unplanned outages be allowed to occur. All the difference between marginal profitablility and sure loss. Many other industries are feeling the impact. Cf. The News Hour's segment on how this is playing out in California's agricultural sector: pbs.org While the gasoline refineries may be able to make a recovery, the milk producers essentially are SOL if they lose power for any length of time. And I've just read about a Delco plant in SoCal that had to scape a batch of production parts for the aerospace industry because milling machines were unexpectedly shut down. The implications for the California economy seem to be hovering somewhere between omimous and omigod. FWIW, here's another thread I frequent, commenting on the implications for, and view from the Pacific Northwest. We are beginning to "feel your pain", all you Californios. Not to mention your absurdity.... Message 15535613 Best, Ray