Originally posted by SVTatGT:
Originally posted by 99blacksesport:
BACK ON TOPIC!!!!

So can anyone tell me why gas prices have jumped so high? The hurricane os over, as far as I knew it didn't destroy any gas refineries or oil rigs. Is it the whole panic stricken American investor that is driving the price of oil futures up, which is bringing the price of gas up??? Or is it really OPEC. For once I am NOT looking for politics thrown into the arguement, I think gas prices are outragous enough without throwing politics in the mess...

Oh and I am glad I got my bike with 40+mpg...

EDIT: I guess everyone doesnt know why they are so high... I want to know. I have heard all the news reports about it, but I don't believe what I hear all the time...



some pipe lines are shut down across the south becuase there is no power, but thats all I have heard
that and there has been basically no production out of the gulf for the last 3-4 days, and evacuating major cities requires lots of gas for cars getting out of there as well



I would also like to add that New Orleans was the central hub that was used by almost all the oil companys to get their crude oil to the refinerys. And most all those refinerys are in the southeast. Everyone in MS, AL, and LA are down, expect the largest refinery in the nation which is located in Baton Rouge. That one refinery cannot produce enough crude to cover all the refinerys that are down.

As for the oil rigs, if any of them are pumping oil it would suprise the hell out of me, but if they are it is nothing even close to what the normally pump out.

I tell ya what.. Instead of me jabbing on, here are some links that might answer those questions...

http://www.alertnet.org/thenews/newsdesk/N31357472.htm - "Exxon Mobil Corp. said Wednesday that restoring products pipeline and marine links, including Mississippi River traffic, was the key to boosting crude runs at its capacity-curbed Baton Rouge, Louisiana, refinery."

http://www.katc.com/Global/story.asp?S=3789948 - "Since Katrina first threatened Gulf platforms, six-point-one (m) million barrels of oil and 34-point-two (b) billion cubic feet of gas have been delayed from reaching market." also, this short story states that some platforms are pumping again.

http://washingtontimes.com/business/20050831-120210-4140r.htm - "Hurricane Katrina shut down almost all of the energy production in the Gulf of Mexico, threatening the nation's short-term energy future."

http://news.moneycentral.msn.com/provider/providerarticle.asp?feed=OBR&Date=20050831&ID=5076551 - "The U.S. Coast Guard reported at least 20 oil rigs or platforms missing in the Gulf of Mexico, while officials estimated 95 percent of regional oil and natural gas production and nine refineries along the coast remained shut down."

This should be enough reading for everyone that should last a good while.

Oops! One more...

http://ogj.pennnet.com/articles/article_display.cfm?Section=ONART&C=GenIn&ARTICLE_ID=235844&p=7 - "It will take weeks�perhaps months�to bring flooded, powerless Gulf Coast refineries back to operation and to restore oil and natural gas production to its former levels, said observers. Meanwhile, most expect energy prices to climb."

Phillip Jackson `98 Mystique LS 262K+ and counting... ATX rebuilt @ 151K "This storm has broken me, my only friend!" RIP Dime