More bad news about oil. When are we going to toss these idiots out of office and into jail?
" Now we get to the key question of what all this means for those of us living here on the East Coast and who are hopelessly dependent on Gulf produced or refined oil for our lifestyles and livelihoods.
First, there will be an unprecedented natural gas problem this winter with prices increasing several fold and there will most likely be serious shortages. There is simply no way to replace the shut-in Gulf production in time for the winter heating season.
Next, our gasoline and jet fuel supplies here in Virginia , are precarious to say the least. For the next few weeks, inventories should be sufficient to prevent a general shortage. After that, much depends on the speed with which the heavily damaged refineries can be repaired and the willingness or ability of Europe and wealthy Asian nations to keep shipping us gasoline....
For the United States , borrowing our way out of the current predicament without any serious conservation measures (such as a 55 mph speed limit or rationing) certainly can't last long."
http://www.fromthewilderness.com/free/ww3/090905_world_stories.shtml#0