Yike! Ike!
Okay so there's this huge storm almost as big as Texas, heading for Texas and even though warned of "certain death" somewhere around 90,000 people decide to ride it out. Knowing that the emergency teams are not going to be able to get to them once the storm hits until after it is over.
How dumb can you be?
Even though the cost per barrel of crude continues to drop gas prices suddenly jump up by a minimum of 30 cents in fear of refinery shut downs due to Ike.
Uh-huh and isn't it supposed to be that we don't feel the fluctuations at the pump for four to six months because it is a futures market? Supposed to and what is are apparently two different things. The economists etc say one thing (won't feel it right away) while the oil companies and the gas stations come right out and say nope, we're boosting prices in anticipation of problems.
Which is the truth?
Off-shore drilling, setting the environmental issues I have with that aside, is in trouble every time a hurricane blows through. The platforms are sitting out there with no way to protect themselves from the storm. Refineries along the gulf shore can't seem to do much either. And why is the majority of our refining capacity located in one place now anyway?
They say that 17% of what we use comes out of the gulf. How is it then that a mere 17% can jack prices up so much? Some places on the East coast hit $5.49 for regular yesterday. Ridiculous!
Ike is a big storm. But it is a category two which means it could have been a lot worse.
Who is the bigger fool? The people who stayed to face Ike or the people who put up with the gas prices that are resulting because of what Ike "might" do?
How dumb can you be?
Even though the cost per barrel of crude continues to drop gas prices suddenly jump up by a minimum of 30 cents in fear of refinery shut downs due to Ike.
Uh-huh and isn't it supposed to be that we don't feel the fluctuations at the pump for four to six months because it is a futures market? Supposed to and what is are apparently two different things. The economists etc say one thing (won't feel it right away) while the oil companies and the gas stations come right out and say nope, we're boosting prices in anticipation of problems.
Which is the truth?
Off-shore drilling, setting the environmental issues I have with that aside, is in trouble every time a hurricane blows through. The platforms are sitting out there with no way to protect themselves from the storm. Refineries along the gulf shore can't seem to do much either. And why is the majority of our refining capacity located in one place now anyway?
They say that 17% of what we use comes out of the gulf. How is it then that a mere 17% can jack prices up so much? Some places on the East coast hit $5.49 for regular yesterday. Ridiculous!
Ike is a big storm. But it is a category two which means it could have been a lot worse.
Who is the bigger fool? The people who stayed to face Ike or the people who put up with the gas prices that are resulting because of what Ike "might" do?
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