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Looks Like Oil and Gasoline Prices Will Head Up on Monday

Discussion in '2005 Archive' started by KenH, Aug 27, 2005.

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  1. KenH

    KenH Well-Known Member

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    With Hurricane Katrina heading for the northern Gulf it looks like as much as 1.5 million barrels of oil per day and 10 billion cubic feet of natural gas per day could be shut down in the Gulf of Mexico. And if any major platforms suffer damage this could have ramifications for months to come.

    Also, I imagine the refineries in the New Orleans area will be shut down with what could be a category 4 or even 5 hurricane coming ashore. I sure hope none of these plants suffer damage.

    But I imagine that the ususal suspects - the oil companies and the Bush administration - will be blamed for the subsequent rise in oil and gasoline prices.

    Let's pray for everyone in the path of this storm. Having been through a major storm, Hurricane Celia, in 1970 which had a gust measured at 180 mph I know what anyone riding this out will going through.
     
    #1 KenH, Aug 27, 2005
  2. ASLANSPAL

    ASLANSPAL New Member

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    Bush and this administration will be evaluated
    and always evaluated on oil policy and prices long and short term but
    decorum calls for mercy during this time of
    potential what ifs.We all desire that the
    worst scenarios are less than predicted. With
    that said topped off the gas tank today and would advise the same in the spirit of shrewdness.

    I hope the poor and destitute in New Orleans who
    cannot afford a car much less fill the tank are
    being taken care of. Knowing what over 200 mph
    vortex winds are like in Wichita Falls in 1979
    I cannot imagine sustained winds over 100 mph with
    gusts even higher would be like.

    Sincerely
    Aslanspal
     
    #2 ASLANSPAL, Aug 28, 2005
  3. Ps104_33

    Ps104_33 New Member

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    Eliminate the taxes on gasoline and a 3.00 dollar gallon of gas becomes a 2.00 gallon of gas.
     
    #3 Ps104_33, Aug 28, 2005
  4. rivers1222

    rivers1222 Member

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    It was a budget buster but I just filled up. Will get into the whats and why's of the prices later. At this time I would rather devote my energy to prayers for those effected. Dont underestimate this storm.
     
    #4 rivers1222, Aug 28, 2005
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