Adam L 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...
Hang on tight ;)
Adam L. Beberg
More information about the FoRK