Thursday, September 22, 2005
Glad we have 2 Oil Men in the White House...
Rita May Bring $5 Gasoline
Rita has already caused major disruption in refinery operations, and is headed for an area where production is densely concentrated. Gasoline could reach $5 by next week.
from Air America Homepage
from Air America Homepage
Weather and energy experts say that as bad as Hurricane Katrina hit the nation's supply of gasoline, Hurricane Rita could be worse.
Katrina damage was focused on offshore oil platforms and ports. Now the greater risk is to oil-refinery capacity, especially if Rita slams into Houston, Galveston and Port Arthur, Texas.
"We could be looking at gasoline lines and $4 gas, maybe even $5 gas, if this thing does the worst it could do," said energy analyst Peter Beutel of Cameron Hanover. "This storm is in the wrong place. And it's absolutely at the wrong time," said Beutel.
