Wednesday, August 31, 2005
"Storm economic impact seen modest-WHouse"
After reading this I feel much better. I love the conditional statements in this article.
President Bush, and yes, lots of prominent Dems as well are recommending opening the Strategic Petroleum Reserve. I have doubts that the refinery capacity is there. Some oil companies have already instituted rationing at the wholesale level. The governor of Florida has asked people NOT to dirve over the labor day weekend.... Are gas lines and rationing at the retail level in the offing? I think they are.
Hurricane Katrina is likely to have only a modest impact on the U.S. economy as long as the hit to the energy sector proves transitory, White House economic adviser Ben Bernanke said on Wednesday.The economy will be okay unless it's not... On my home front, the price of unleaded has gone from $2.53 to $2.78 in the last 6 days. I'm trying to drive less and keep my tank as full as possible.
President Bush, and yes, lots of prominent Dems as well are recommending opening the Strategic Petroleum Reserve. I have doubts that the refinery capacity is there. Some oil companies have already instituted rationing at the wholesale level. The governor of Florida has asked people NOT to dirve over the labor day weekend.... Are gas lines and rationing at the retail level in the offing? I think they are.
