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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chispas who wrote (35500)	8/17/2005 2:11:13 AM
From: CalculatedRisk	Read Replies (1) \| Respond to of 116555

Oil prices heighten fears over slowing global economy news.ft.com

To: Chispas who wrote (35500)	8/17/2005 7:13:05 AM
From: Elroy Jetson	Read Replies (1) \| Respond to of 116555

One of the problems of growing as fast as Las Vegas has is the need for long range planning for water, sewer, fuel, and power. With no local refinery they are limited by the number of current pipelines and their size to obtain fuel. There is a greatly diminished improvement in throughput as you increase the power of the line pumping stations. This approach also comes with an increased frequency of line ruptures with a complete interruption of of product delivery while the line is restored. The lead time in placing a new pipeline, is something like a couple of years - longer if their right-of-way agreements don't allow dropping additional lines. Normally municipalities and major customers like airports work with pipeline owners or oil companies to plan for long term growth. It sounds like Las Vegas ignored this for a little too long. But a decent recession should knock back their projected needs by a good five years - so maybe they get "lucky". .