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

To: bearcub who wrote (5672)	5/7/1999 10:59:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 9818

bearcub, Refining (cracking) of long-chain hydrocarbons (crude oil) has been around longer than computers and thus was primarily a "manual" process. But this is not to say that automated control and monitoring systems won't be impacted. Plenty of resources available on the web if you are interested in finding out more about refineries and the petro-chemical processes. Note: I'm not opining that there won't be disruptions in the petroleum industry. But neither am I saying their will. No one but the folks in charge of those systems really and truly know where they stand (and some of them aren't even sure). Regards, Ron

To: bearcub who wrote (5672)	5/14/1999 8:28:00 AM
From: bearcub	Respond to of 9818

further anecdotal evidence supporting my hydrocracking patent attorney's Y2K fears. THE FOLLOWING single event boosted gas oil prices 3.1 % alone just yesterday in Asia. Imagine the "price boost" when Y2K hits these NON-COMPLIANT refineries SIMULTANEOUSLY, GLOBALLY. Talk about sobering, reality based forecasting!!! <snipped from Reuters ystdy> Korean Refinery Fire Boosts Asian Prices 06:07 a.m. May 13, 1999 Eastern SINGAPORE (Reuters) - A fire in a key unit of South Korea's Ulsan oil refinery, the world's biggest, sent Asian gas oil prices soaring Thursday. SK Corp has a 34-percent market share in South Korea. A spokesman for SK Corp said the fire broke out at 0510 GMT in a 30,000-bpd hydrocracker, which uses fuel oil to make middle distillates and an associated 30,000-bpd desulphuriser unit which makes low sulphur fuel oil. Both units are used to make high value oil products. The fire was brought under control within two hours. The company said two or three people were injured but had no other details immediately. Hydrocrackers can be volatile because highly flammable hydrogen is at the center of the process to break down the feedstock into premium oil products. Copyright 1999 Reuters Limited