Sunday, August 28, 2005

Oil at $70.00 +

and it will go higher.

New Orleans process or handles about 1/3 to 1/2 of the gas etc for the US. The Gulf fields produce huge amounts of oil for the US.

New Orleans may be shut down for a while, and or 60% of the Gulf fields may be damaged.

Gas will not be getting cheaper any time soon.

1 comment:

Lynne said...

Yet one more reason to free ourselves from our oil addiction. We have the technology and the knowledge. We just need leadership from someone to do it.