IF, big if, nothing else happens, what can we expect re gasoline?greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
I was wondering....if what is being posted here about Saudia Arabia, Venezuela, etc. turns out to be the worst of the problem, and there are no more major failures, what impact are we probably looking at just from what has happened so far? I am wondering primarily about east coast gasoline and the effects on oil prices and the economy. I realize plenty more embeddeds may go down, but just for the sake of discussion pretend all the failures have already happened. Also, somebody here said the turnaround times are usually much longer than 35 days ( supposed Venezuela estimate). Anybody know more on that? thanks.
-- carolyn (firstname.lastname@example.org), January 23, 2000
OK carolyn, dot.gubbmint have already said there will be a 4% shortfall in crude oil this year.
There was also a 4% shortfall in crude oil in 1973, induced by OPEC, which caused a recession, gas lines, car pooling, bath pooling :o), gunfights at the Texaco station etc. etc.
Inflation, possibly hyper if bubble.com bursts, here we come...
-- Andy (2000EOD@prodigy.net), January 23, 2000.
Now keep in mind that King Faud is out of the ball game. The new council wants a fair shake based on 1970 dollars and not defined by today's fiat dollars. So $40 is pretty reasonable especially since $30/barrel oil hasn't even started to dent the inflation figures( if you believe Jan 22 CBS Evening News). And our good buddies at Kuwait, who overproduced in Nov/Dec, are now resuming their hawkish position once again after being so nice to all those people who worried about that zeroes thing.
-- solarhermit (email@example.com), January 23, 2000.
-- Andy (2000EOD@prodigy.net), January 24, 2000.
yup, yup -- better get out of debt. Maybe buy a little gold.
-- JoseMiami (firstname.lastname@example.org), January 24, 2000.
I bought 3 months ago 1250 shares of stock of a gold mining company for 80 cents a share. Holding steady for now - waiting for a big blowout.
-- I AM (Trying@2B.Reasonable), January 24, 2000.