Originally Posted by
Columbia
In the last hour, oil analysts predicted that the flood waters heading down to New Orleans, will NOT knock out the numerous gas refineries. As a result, gasoline at the wholesale level immediately DROPPED 25 cents/gallon. At least some good news.
Just to play devil's advocate....from the "don't count your chickens before they hatch" department. It is being reported that the river will crest, when the bulge of water gets there, at 19' 6". The levy structures around the city are SUPPOSED to hold out UP TO 20". That, my friend, is a lot of water. My hope is that the analysts are correct. Oh, the bulge of water is currently in the Vicksburg, MS area.
Chuck