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

To: shust who wrote (24618)	6/23/1998 10:34:00 PM
From: Aggie	Respond to of 95453

Here's a quick question to all who are reading this thread: A few years ago, the US government began selling off the Strategic Oil Reserves. This entailed the oil which was stored in a series of salt domes in Louisiana and east Texas. The reserves, as you all recall, were put in place shortly after the oil embargo of the early '70's, in an effort to derail the impact of future shortages. Congress decided that the deficit was the bigger menace and has been selling them off piecemeal for the past few years. The interesting thing is, that once the oil was sold off the salt dome storage caverns were also sold off..... Anybody out there know who bought'em up, and what they're doing with them now? Aggie