Hurricane Katrina

[Brazilophile]

To Anyone living on the Gulf Coast,

I live in South Florida and survived Katrina with little damage or inconvenience.  But that was when Katrina was a category 1 hurricane.  It is now a category 5 with top winds at 175 mph.  Category 5 means that it can cause CATASTROPHIC damage.

My prayers go out to anyone living in or near New Orleans.  Tonight and tomorrow will not be fun for you.  I hope you are evacuating.  Tuesday will not be fun for those living in parts north and east of NO, such as Mobile, Birmingham, even Atlanta.  Start preparing today.

How are your Latinas reacting to this weather?    My fiancee was rattled by the brief afternoon thunderstorms that occur here.  She was particularly fearful of being struck by lightening.  She is very happy she left before this hurricane arrived.

[Pete E]

... in response to Hurricane Katrina, posted by Brazilophile on Aug 28, 2005

I get an investment newsletter from weissinc.com
They have been touting energy stocks and saying oil is going up,even if none of the possible addutional interuptions happen.If they do,up alot more.
Things like the nut in Venizuella were mentioned,plus some other possibilities.This hurricane could have a big erffect on oil prices as well as a huge effect on people.

Pete

[stefang]

... in response to Hurricane Katrina, posted by Brazilophile on Aug 28, 2005

This storm if it hits New Orleans will probably cost the US at least a $100 billion. This is going to hurt including all of the refineries near Gulf ports. The oil thing is not as bad because the strategic reserves can let out oil it is the refineries that are tapped already to 100% production so any of them closing hurts the ability to supply gas.

[david hagar]

... in response to Hurricane Katrina, posted by Brazilophile on Aug 28, 2005

Yes, let us pray for the people in the path of this hurricane. Let us hope that it does not affect the refening capacity of this nation and that  the oil platforms in the Gulf are not affeected.  This storm can have huge implications  beyond the area in which in is hitting.

Beattledog

[Brazilophile]

... in response to Re: Hurricane Katrina, posted by david hagar on Aug 28, 2005

BD,

What you say is very true.  Oil drilling platforms in the Gulf were being evacuated yesterday.  Louisiana and Texas both have extensive oil refining facilities.  If those in Louisiana go off-line for more than a week, then gasoline inventories will be greatly reduced sending prices higher, again.  It could be worse.  This hurricane could hit in November when heating oil is also in demand in the north.

[Hoda]

... in response to Re: Re: Hurricane Katrina, posted by Brazilophile on Aug 28, 2005

[This message has been edited by Hoda]

by Katrina, BP!

Presently, the US doesn't have enough refineries to keep up with the present demands, which drives up the price. I believe that 25 to 30 percent of our Natural Gas passes through (no pun intended...lol) and/or is refined in the New Orleans area. They (industry experts & watchdogs) are already saying the home heating fuels will cost more the winter, because of Katrina!

[CelticUrge]

... in response to Home heating fuel prices are already aff..., posted by Hoda on Aug 29, 2005

Don't forget about the increasing demand for the same fuel resources from China and India, and to some lesser extent Brazil. We are now having to compete for finite resources of refined fuel that were pretty much earmarked for us in the past.

Perhaps Uribe should build a world class refinery facility to reap the financial benefits for his country.