Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: flatsville who wrote (3436)	1/27/1999 11:15:00 AM
From: Dan Hamilton	Respond to of 9818

<<And speaking of oil, BHI's research department indicates that working US based oil rigs were at a historic low in 1998 with something in the neighborhood of 500 versus 4500 in place during 1982? the historic high.>> From an investment point of view, I would think that any oil companies with the bulk of their production in North America might be a reasonable play. Petro Canada north of the border migth be a good one. Anyone have any other suggestions?

To: flatsville who wrote (3436)	1/27/1999 11:57:00 AM
From: C.K. Houston	Read Replies (2) \| Respond to of 9818

WATER UTILITIES UPDATE: Forum: Compliance Forum Thread: Year 2000 Author: Al Warburton Director of Legislative Affairs Subject: Y2K Contingency Planning URL: awwa.org On January 25, 1999, representatives from AWWA, Association of Metropolitan Water Agencies (AMWA) and National Association of Water Companies (NAWC) met with staff of the Water and Power Subcommittee of the House Resources Committee on the Y2K preparedness of drinking of water utilities. Congressional staff raised the issue of unplanned public reaction to the Y2K computer problem in drinking water utility contingency planning. Congressional staff encountered the possibility of unplanned public reaction while reviewing the Y2K preparedness in other sectors of the economy. Most organizations are planning for events that would be the result of a Y2K computer failure or lack of power but little apparent attention is being directed to how public reaction could confound those plans or cause other events for which they should plan. Specifically, Congressional staff raised the question of how water utilities plan to cope with possible fuel shortages or an inordinate water demand in a short period of time. FUEL SHORTAGE The petroleum industry has raised the possibility that there may be local shortages of gasoline if the public makes a run on gas stations to ensure that they have fuel in their vehicles in fear that the Y2K computer problem would prevent the gas pumps from working. Water utilities need to add this consideration to their Y2K contingency plans from two perspectives. First, to ensure that water utility service vehicles have sufficient fuel on hand and, secondly, that water utility operators have sufficient fuel in their personal vehicles to get to and from work in the event of a fuel shortage. Some organizations' Y2K plans provide for essential operational employees to have topped-off personal vehicle fuel tanks and/or provide alternate transportation. INCREASED WATER DEMAND Congressional staff inquired as to the effect on water supply and pressure if a large number of people fill bathtubs and other containers to store water for fear that water service will be interrupted by the Y2K computer problem. This of course would vary from utility to utility. Those utilities that could be vulnerable to water demand considerations should include those considerations in their Y2K planning. Congressional staff also asked if water utility Y2K planning includes water conservation measures to be implemented in the event of a water shortage caused by an increased demand at the end of 1999. The above issues are provided in this forum for consideration by water utilities in their Y2K planning.