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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (9410)	3/5/2004 10:22:22 AM
From: mishedlo	Read Replies (2) \| Respond to of 110194

Thoughts on VZ oil from bankingintern on the fool Venezuela is going to get far worse before it gets better unless a sniper gets lucky or we sned in the marines (do we have them to spare). I know one of the disdent pdvsa directors that chavez sacked, he is in houston working with the industry for what comes next after chavez. Venezuela has been a traditional exporter of gasoline, and now it is a sporatic importer because they sacked the technical staff that ran their refineries who happened to take plant diagrams and operating specs with them so now everythings runs at less than idea conditions. That gasoline went to the US market... If they can't export at ALL the gulf coast refiners ARE going to have some trouble since several of the refineries are set up to run venezuelan crude.They can use other stuff but their gasoline output will be lowered and/or operating costs will be higher. Further, they use chartered ships for most of their transport and your standard insurance doesn't cover loading up from a country in the middle of civil unrest, thus oil may flow but it may not leave. Transport will be the weakest link, thats my prediction.