If hurricane Rita stays on it's projected path towards the Houston-Galveston area and remains at least a category 3 hurricane by landfall our nation will experience skyrocketing gasoline & natural gas prices that could go well beyond the prices seen after Katrina hit landfall in the gulf. While Katrina slammed 9 oil refineries and dozens of oil platforms in the gulf, Rita is taking a path directly through 134 oil platforms and could hit an area containing 26 oil refineries. The houston-galveston area is home to our nation's largest oil refineries. Expect gas prices to skyrocket if the storm maintains it's strength and lands in the Houston-Galveston area. We could see nationwide gas prices average over $4.00 a gallon starting next week. Depending upon the damage the higher prices ($4gallon) may be temporary or could last a few weeks.
This week is the beginning of harvest season in the American midwest and any disruption or shortage in diesel could greatly impact farmers ability to harvest in time. If harvest season is disrupted American grain prices could also skyrocket, further squeezing Americans budgets. Hurricanes have difficulty maintaining category 4 and 5 status for long, so the storm could possible weaken before landfall.
Our failed politicians have done nothing to end our addiction of choice- oil. Our failed politicians have done nothing to further develop & implement renewable energy. Our failed politicans have done nothing to address global climate change.
Now is the time to stand up and fight!
www.newamericanindependent.com
tribes.tribe.net/NewAmericanIndependent
peace,
michael
This week is the beginning of harvest season in the American midwest and any disruption or shortage in diesel could greatly impact farmers ability to harvest in time. If harvest season is disrupted American grain prices could also skyrocket, further squeezing Americans budgets. Hurricanes have difficulty maintaining category 4 and 5 status for long, so the storm could possible weaken before landfall.
Our failed politicians have done nothing to end our addiction of choice- oil. Our failed politicians have done nothing to further develop & implement renewable energy. Our failed politicans have done nothing to address global climate change.
Now is the time to stand up and fight!
www.newamericanindependent.com
tribes.tribe.net/NewAmericanIndependent
peace,
michael