We are going to have to wait and see ... NO has always had this problem with flooding, and even if on the ground winds are 120 - 130 mph there will be a lot of damage .... NO may not be entirely leveled but the damage from wind and flooding will still be severe ... a huge problem for the city and its residents and the surrounding ports ...
State of Hawaii froze gasoline prices at $2.75 why aren't the other states doing the same? why isn't there any other aspect to the oil related news other than the negative spin that sort of justifies making prices go even higher? why isn't there any moral outrage, especially from the Administration? or are the answers too obvious?
8:13am 08/29/05 Oil could push toward $75/bbl on hurricane fear: analyst By Ciara Linnane NEW YORK (MarketWatch) -- Hurricane Katrina's trajectory toward New Orleans and over the center of the Gulf of Mexico's oil-producing region will have a major short- and long-term impact on energy markets, according to Agbeli Ameko, managing partner at First Enercast. The hurricane will impact production off shore and on shore, while flooding will shut-in refining and processing facilities, Ameko said in a note. "Due to the strength of this storm and the path over the major producing zones, Katrina is expected to have a greater impact on energy markets than Ivan last year," he said. Ameko said crude oil prices could trade toward the $75 a barrel level Monday, while natural gas may push toward $12 per million British thermal units. "As the shut-ins persist, increasing winter supply concerns, the potential for $80/bbl crude and $15/mmbtu natural gas are realistic," he said. Crude futures for October delivery were last trading up $3.52, or 5.3%, at $69.65 a barrel in electronic trade, having earlier touched a new record of $70.80. Natural gas was up $1.99, or 20.4%, at $11.79 per million British thermal units.
too obvious for some, not so for others. why cap at 2.75? why not 2.50? better yet, why not 2.00? Better still, why not at 1.00? .75? why not make it a quarter? before going off and getting morally outraged at the lack of moral outrage, think about price caps until you get morally outraged at the morons who propose them.
I just saw the "rouge shopping cart" on CNBC (mentioned in another post) dangerously headed acrosss an empty parking lot. Katrina is over.
The National Weather Service said there was "total structural failure" in parts of metro New Orleans with wind gusts surpassing 120 mph. Section of Superdome roof opens up