[FoRK] Katrina

Adam L Beberg beberg
Mon Aug 29 01:02:51 PDT 2005


Luis Villa wrote on 8/28/2005 3:55 PM:
> It has been pointed out that 1/3rd of American oil goes through the
> port of New Orleans, which may not be there tomorrow afternoon. So
> even if the rigs survive (they are designed for it) they may still
> have trouble getting oil off them.

Oil is now over 70, so even if its there who can afford it? Gas is up 
12% SINCE FRIDAY (that means another 35c/gallon here). Nat gas up 22%. 
Expect a major hit to the markets in the morning.

Oh, and if you thought the reserves were safe...
http://www.pannexresearch.com/katrina/LAOil.gif

Hang on tight ;)

-- 
Adam L. Beberg
http://www.mithral.com/~beberg/



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