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Old -31-08-2005
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HUbison
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Re: Anyone notice the Eerie silence of the International Community to Hurricane Katrina?

Quote:
Now the crude oil prices will rise and we will take it in the shorts at the pumps. Makes you wonder if we are more dependant on foreign oil or the oil produced in the gulf. Maybe we are simply at the mercy of the oil barons, regardless of where the bulk of crude oil comes from?
I think the problem here is the inability to refine the crude. We can still bring in oil, but the loss of the refineries in the gulf bottlenecks the crude so that there's less of the end products (gasoline, heating oil) and that's what we see at the pumps.
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