Crisis that hurts us all
Hurricane Katrina struck a very fatal blow to locations on the Gulf coast. Places that use to be bustling and full of life are now just a spot of dirt on the map. I saw pictures today that looked like a atomic bomb went off around Gulfport, Mississippi.
Unfortunately, this is a disaster that is already putting a strain on the rest of the country. I saw reports of gaoline selling for almost $4.00 per gallon in Chicago today. One reporter on MSNBC reported that she happily paid $35.00 for five gallons of gas on her way out of Baton Rouge to Houston. I will let you do the math on that one.
Tonight, I got a taste of what my parents probably experienced in 1973 and 1979. I remember the oil crisis of 1979. We had the long lines and irritated consumers. We have that again now. I experienced this tonight when I stopped to fill up my car on the way to church. Our local gasoline station was stacked three deep at each of its eight pumps. By the time that I got to the pump to fill up, they had already run out of regular and mid-grades. At $2.67 per gallon, their premium was still OK for my car, because it was cheaper than regular at any other station around.
Things will probably get worse before they get better over the next few months. This is truly a crisis that hurts us all.
3 comments:
Gas in our neck of the woods has risen $.37 over the past 2 days. Premium is now $2.99.9. But, Atlanta is worse. We had two different people tonight to tell us gas in way over $5.00 a gallon there.
The main thing is keep the cars full. Ours was full tonight, or we would have topped it off.
What the main stream media is not reporting is that the government is actually increasing the strategic oil supply by up to 50%. The STS will be utilized during the current crisis, but at the same time the government is hoarding oil like crazy because it is aware that prices will go higher and supply is only headed downward from now on.
The mainstream media is also failing to report that gas stations across the country are facing "fuel and dash" incidents at the expense of up to $800 a week. As prices hit $4.00 and above, such events are likely to increase
Another thing that people do not realize is that the government has said they are releasing oil from the strategic oil supply due to this crisis. It is a minimal amount of oil, only like 5 million barrels out of the 700 million that they currently have stashed away.
However, this will not help anyone, because the refineries are currently not operational and without the refineries, they can pump all the oil they want, the remaining refineries can only do so much.
The big oil companies need to either build some more refineries or people in this country need to quit depending on oil and gas for their life blood and look at something more economical like hybrid or fuel cell cars.
Post a Comment