melbo
08-28-2005, 08:06 PM
Found this elsewhere:
As most of you know a very strong Category 5 Hurricane Katrina is bearing down on Louisiana and her neighbors. We all know of the evacuations and of our President urging ppl to get out. The damage alone from this storm will be catastrophic is it comes ashore at the strength it's currently at, possibly stronger. Yet there's a the strong potential for an Economic Crisis in our country resulting from this storm.
Some of you know and some of you might not know, the Louisiana Offshore Oil Port (http://www.dotd.louisiana.gov/programs_grants/loop/loop.shtml) (LOOP) is in the direct path, not to mention many other oil production platforms, with large refineries inland. If this infrastructure in the whole area takes a catastrophic hit, Oil Prices will go through the roof causing gas prices at the pump to rise dramatically.
You ready for $5.00 a gallon and what it will do to our economy?
Additional Information
Louisiana Superport (http://www.leeric.lsu.edu/le/cover/lead054.htm)
Katrina Targeting U.S. Oil Operations (http://www.washingtonpost.com/wp-dyn/content/article/2005/08/28/AR2005082800598.html)
"If this thing knocks out significant quantities of refining capacity ... we're going to be in deep, dark trouble," said Ed Silliere, vice president of risk management at Energy Merchant LLC in New York.
As most of you know a very strong Category 5 Hurricane Katrina is bearing down on Louisiana and her neighbors. We all know of the evacuations and of our President urging ppl to get out. The damage alone from this storm will be catastrophic is it comes ashore at the strength it's currently at, possibly stronger. Yet there's a the strong potential for an Economic Crisis in our country resulting from this storm.
Some of you know and some of you might not know, the Louisiana Offshore Oil Port (http://www.dotd.louisiana.gov/programs_grants/loop/loop.shtml) (LOOP) is in the direct path, not to mention many other oil production platforms, with large refineries inland. If this infrastructure in the whole area takes a catastrophic hit, Oil Prices will go through the roof causing gas prices at the pump to rise dramatically.
You ready for $5.00 a gallon and what it will do to our economy?
Additional Information
Louisiana Superport (http://www.leeric.lsu.edu/le/cover/lead054.htm)
Katrina Targeting U.S. Oil Operations (http://www.washingtonpost.com/wp-dyn/content/article/2005/08/28/AR2005082800598.html)
"If this thing knocks out significant quantities of refining capacity ... we're going to be in deep, dark trouble," said Ed Silliere, vice president of risk management at Energy Merchant LLC in New York.