Condolences to those who lost loved ones on 9/11. The Lord will repay evil doers, even if they evade man’s justice.
And for you in the path of hurricane Ike, do what you must to stay safe.
Given Ike, it seems some major oil refineries are in jeopardy. And this is causing mass panic. Check out this news report from here in Chattanooga, TN: Chattanooga: Rumors and reports lead to long gas lines, anger around town. And if you watch the video, you see even a gas station owner is saying gas prices will take a spike. Bloomberg is reporting that oil prices are shooting upward. I can say, gas stations here are still packed into the night and running out of gas already. (Yea I went and got some and was almost too late. Most gas stations were already sold out of 2/3 grades of gas [not including diesel which I didn't check].) Now if Ike does damage the flow of gas from TX, many of us might be in a bad situation. Just more proof that America needs to increase oil refining capacity. Gas prices have already been shooting up tonight and are likely to go much higher over the next few days.
There have even been rumors around this town, that gas rationing may have to be put in place. And with the current rush on gas, that would not be a surprise.
Here is a related article from FactCheck.org worth reading: Does the U.S. lack sufficient oil refining capabilities?
Independent Conservative - Copyright 2008 - Copyright Notice
[powered by WordPress.]
38 queries. 0.236 seconds
September 12th, 2008 at 8:12 pm
DING! Great “macroeconomic” connection there, Bro. Of course, no one else get’s it…
IndependentConservative reply on September 12th, 2008 at 9:08 pm :
It’s really something how Republican only press hard for it when they know there are enough Democrats around to hold it up. Then the Democrats run in like they’ll help and they mostly propose things that won’t come to fruition till decades from now and require new vehicles.
Both get money from big oil and while the Republicans sometimes make the right proposal they only do it when they know they can’t pass it. And the Democrats just stall things and their plans require entirely new vehicles.
It’s almost like they plan the stalling tactics
.
And hey, who put out the Presidential ban on off shore drilling? George W. Bush’s daddy. Then when enough people cry, in comes baby Bush, “to the rescue…”
…
September 14th, 2008 at 3:20 pm
In my part of the country, gas shot up 40 cents in six hours last Friday and it was rationed to where the fuel pumps automatically cut off at 10 gallons.
The police were even at stations because one station had a wreck and another station had a guy cut in front of someone and a fight broke out
What we may also see is America car manufacturers go back to the 1980’s styles of cars that got higher fuel economy, but did it with grossly underpowered engines. That’s the tradeoff.
IndependentConservative reply on September 14th, 2008 at 3:52 pm :
Here in the Chattanooga, TN area, the “10 gallons” was a recommendation to drivers, but never became a hard demand with rationing. But just the recommendation resulted in just the opposite, panic and everybody topping off their tanks. And honestly, seeing how prices have shot up, I’m glad I did top off and filled my gas can too! Because right now prices here are higher than ever before. Since Thursday night they’ve only gone up and up some more, so sitting in lines (with the engine off) Thursday did pay off and was better than buying now at much higher prices.
There were police at some gas stations here also.
ncatina reply on September 14th, 2008 at 4:29 pm :
That is rather extreme. Here in PHL, I have noticed a nominal jump in prices in recent days. The range is a roughly 3 – 18 cent/gallon jump since Ike’s formation and landfall. I think part of that is because we have our own refineries here in the city that were never directly affected by the storm. I cannot personally recall those refineries ever being shut down save perhaps for a major refinery fire that hit the city back in the 50s or 60s.
Nonetheless, I hope I never encounter what you have just described.
IndependentConservative reply on September 16th, 2008 at 9:29 am :
All Shell and BP gas stations in this area have been out of gas for 2 days straight. So they’ve been directly impacted by Ike big time. All the other gas stations have gas and it ain’t cheap.