page 23 -- Oil Industry Not Ready for 2000

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On 27 May 1999, Hare Krsna dasi wrote:

 

 

> Citing an industry survey taken in February, the accounting office said

> more than a quarter of the industry did not expect to be ready for the

> change to 200 until the second half of 1999, "leaving little time for

> resolving unexpected problems."

>

 

 

 

If we can trust this report, and if the worst case senario is correct, than

1/4 of the petroleum industry has the potential to fail a Y2K test sometimes

after July 1. Even if they do not repair their glitches, then it appears most

of the industry should be online, suggesting a respectable supply of petroleum

should still be marketable.

 

It seems many people are taking the Y2K issue seriously, but not to the point

of creating a mass hysteria that could prove extremely destructive.

 

ys,

 

Sthita