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Re: O/T I hate to tell y'all this....
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Posted by BobMo on September 20, 2005 at 06:00:03 from (208.27.172.111):
In Reply to: O/T I hate to tell y'all this.... posted by Logan in S.E. Texas on September 19, 2005 at 23:12:40:
Logan is right of course, however if there happens to be no or little damage to those facilities the spike will be short lived.
Many of you have your facts way out of wack. Jay is near correct. What some people don't understand is that many of the rigs in the gulf are natural gas rigs. Probably half or more.
Also the big oil companies aren't gouging you, they are taking advantage of opportunities the same as you will if given the chance.
In the end the tree huggers and speculators are more the cause than the large oil companies. They are also to blame for much of the flooding in N.O. Their lawsuits have blocked the building of additional refineries i.e. also the repair and upgrade of many of the levies in the N.O. area.
The speculators are the ones who feed the rumors that increase the prices of any product whether it's gasoline, crude, coffee or sugar. If they have purchased futures in these products at a certain amount it must go up for them to make money hence the rumors of shortages or outages which some of you are repeating.
The limited refining capacity in this country is real. Natural gas may be short until the repairs of facilities in the gulf area are complete.
If you want your gas bill to be less for now drive less. Good luck.
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