Re: var calc

Do you have an answer for me regarding the simulation I asked you to run?
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 10/23/2000
05:31 PM ---------------------------
From: David J Botchlett on 10/23/2000 04:35 PM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc: John L Nowlan/HOU/ECT@ECT, Don Schroeder/HOU/ECT@ECT
Subject: Re: var calc

jeff,we have bought approx. 2.75mmbbls. of dec crude and reduced heat cracks
300mb. This means we should be close to our var limits
but not sure if under. Secondly,products has var coming from heat cracks (we
got hit on EOL for 975 mb on friday),jet swaps (also EOL earlier
last week of about 1mm bbl.),and some gasoline cracks in 2002.Otherwise our
products positions on both dides of the Atlantic are as small
as anytime in recent history.

From: Jeffrey A Shankman 10/23/2000 03:25 PM

To: John L Nowlan/HOU/ECT@ECT
cc: Don Schroeder/HOU/ECT@ECT (bcc: David J Botchlett/HOU/ECT)
Subject:

John, you guys have to be under Var tonight before we leave for the evening.
That means buying on access if necessary.