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.

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

To: Razorbak who wrote (38515)	2/28/1999 8:32:00 PM
From: BigBull	Read Replies (2) \| Respond to of 95453

Quick indeed, up till now, BOGOTA, Feb 28 (Reuters) - Colombia's Cao Limn-Covenas pipeline was still out of action Sunday following a rebel bomb attack last week, and state-run oil company Ecopetrol said it was still not clear when repairs would be complete. Ruptured in two places. Looks like they're getting good at it. If the pipe has been hit 16 times already that means it is insecurable until all the guerillas are dead. Which means it is probably uneconomic to run, quick repairs or not. Which means your point is moot. Nice try <vbg>. The pipeline is still down right! Try to remember that a bunch of guerillas in the jungles of Colombia with some plastique are not the equivalent of the USAF.I fully grant that it is still an open as to what actually happened in Iraq. I wouldn't put it past ole Saddam to cook up some pathetic propaganda stunt to jack up the price of his oil. Not for one minute. As I posted earlier, even the Jordanians are telling him to keep his cheap oil. Hell, I wouldn't put it past Sadam to blow the damn pipe himself if it could fetch him a higher price. This discussion is fruitful as it highlights just how easy it is to disrupt the flow of oil to someone who is determined to do it. Especially to someone with more skill and resources than Colombian querillas. Saudi's and Kuwaiti's take note.