[interdoc-y2k 309] Re: yardeni

["Watermeyer, Henry" <director@atlas.wits.ac.za>]

=From:          CMBH71C@prodigy.com (MS SHELLEY V CORBIN)
=Date:          Mon, 29 Mar 1999 16:14:34, -0500
=To:            interdoc-y2k@jca.ax.apc.org
=Subject:       [interdoc-y2k 308] yardeni
=Reply-to:      interdoc-y2k@jca.ax.apc.org

=how can he predict only a recession when the oil producing countries
=are y2k compliant? this was touched on in another list. the 74
=recession was because of a 5% reduction in oil. how on earth are
=countries like Arabia and Nigeria going to produce the same amount of
=oil when they are vaugely aware of y2k and years away from being
=compliant. this society runs on energy from oil. what is going to
=happen if or when a significant amount of these countries cant supply
=the oil demand? . can someone explain why more economists and have
=not raised this issue?


Hi 
I suspect its to do with the length of the supply pipeline which 
would have the effect of cushioning a supply end problem, hopefully 
long enough for corrective action to be taken and the shortage made 
up before the impact is really felt.

Henry
=
=
"The old Chinese curse appears to be upon us, 
 we live in interesting times!"
=====================================================================
Subscribe to the IT Digest, an information resource from Wits Univ.
Send e-Mail to MAJORDOMO@SUNSITE.WITS.AC.ZA  with SUBSCRIBE ITDIGEST 
and {your_user_id} in the body followed by END on the next line.
----------------------------------------------------------------------
Henry C Watermeyer                         'Phone +27-11-716-3260/8000 
Director - Computer & Network services     Fax    +27-11-339-1225
University of the Witwatersrand, Johannesburg                          
P/Bag 3, Wits 2050, South Africa           mobile +27-(0)82-800-8862 
                 //SunSITE.Wits.ac.za      //WWW.Wits.ac.za
======================================================================