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


To: William B. Lowrance who wrote (27608)8/13/1998 1:26:00 AM
From: Tulvio Durand  Respond to of 95453
 
Remember that the infrastructure is already in place. Say that the storage facility is 3/4 filled. The cost for storing 25% more oil adds little to the total cost of storage since the capacity is already there and paid for. The cost of money, insurance, etc. are minor compared to the infrastructure cost, IMO. Tulvio