Katrina's Easter Eggs.

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Donomni
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Katrina's Easter Eggs.

Post by Donomni » Wed Aug 31, 2005 4:00 pm

While the destruction caused by Hurricane Katrina is a horrible thing for the state of Louisiana, there are quite a few other things that the hurricane has affected.

I am glad that the hurricane didn't hit much of Florida as a whole, I found out that something very bad happened anyway.

Hurricane Katrina passed through almost every damn oil rig in the Gulf of Mexico.

The rigs had to shut down, causing a shortage of gas in quite a few places. So gas prices will go up... again.

Has anyone else found any "Easter Eggs" left by the hurricane?

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Post by edge » Wed Aug 31, 2005 4:16 pm

Well...it's been raining here all friggin week. According to the local news it's caused by the hurricane. They were actually expecting flooding here, since that happened the last time a hurricane followed a path like that. This city is relativly prone to floods though, being that it's surrounded by 3 rivers...

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Post by cosmic_hippo » Wed Aug 31, 2005 6:37 pm

humity here went up if that is at all posible.
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Post by PhoenixGeek » Wed Aug 31, 2005 6:53 pm

It has caused the price of gas to rise, I have had to resort to killing hobos and selling there organs on the black market for gas money.
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Post by Infin8Cyn » Wed Aug 31, 2005 6:56 pm

As far as what I can tell, it's not the rigs that caused the oil spike, it was the refineries that were damaged/shut down in Katrina's Path/Wake.
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Post by Metzgirl » Wed Aug 31, 2005 7:35 pm

Maybe this will force the oil companies to build new refineries with higher capacity, thus actually lowering prices in the long run

Not that the oil companies would allow that to happen... but it'd be nice.

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Post by StruckingFuggle » Wed Aug 31, 2005 8:02 pm

Can someone correct me where I'm wrong?

Refineries shut down from Hurricane Katrina. This removes their ability to process crude oil into gasoline, causing gasoline prices to spike as ... what is it...? A full QUARTER? ... of the supply is suddenly cut off.

In response to oil prices jumping, and the looming threat of "$4 a gallon seeming certainly possible", the Energy Department decides to release some of the Strategic Petroleum Reserve.

But the SPR is all crude. The existing refineries, that can work, are running at full capacity, already. What is putting more crude out there going to do? Especially to lower gas prices?

:x

It's not going to bring that number down, but it is going to make the government look good... can someone please point out where I'm wrong, or missing something, that doesn't make this release look and taste like the Administration is mining a horrible tragedy for political capital?
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Re: Katrina's Easter Eggs.

Post by Ultima Sefirah » Wed Aug 31, 2005 8:21 pm

I'm not up with the details on all this, but the last I heard, there was no shortage of gasoline.

Anyway, it's been raining like hell here, especially throughout all of Appalachia. ...And since the animals were outside during all this, I think Katrina pissed on my sleeping bag last night. :x
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Post by Rileyrat » Wed Aug 31, 2005 11:06 pm

Because of the hurricane, people in Georga were trapped between the hurricane and the tornados that resulted from the hurricane hitting some kind of weather front.

StruckingFuggle, I think the only thing you are only off on is we lost 30% of our oil production. What's worse is the oil loss should of only effeced U.S. oil as all of the oil pumped from the gulf goes directly to U.S. refineries for in country sales. Yet the price of crude shot up on the international market, screwing everyone's gas prices. Even the countries that refine thier own petrol products.
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Post by Skorpion » Wed Aug 31, 2005 11:56 pm

We're having unseasonably dry weather ofer here, what with the rain filling New Orleans.
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Post by Smaointe » Wed Aug 31, 2005 11:58 pm

I think it's wonderful that we're focusing on the important things like fuel prices and humidity.

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Post by Blaze » Thu Sep 01, 2005 12:07 am

[quote="StruckingFuggle";p="538792"]Can someone correct me where I'm wrong?

Refineries shut down from Hurricane Katrina. This removes their ability to process crude oil into gasoline, causing gasoline prices to spike as ... what is it...? A full QUARTER? ... of the supply is suddenly cut off.

In response to oil prices jumping, and the looming threat of "$4 a gallon seeming certainly possible", the Energy Department decides to release some of the Strategic Petroleum Reserve.

But the SPR is all crude. The existing refineries, that can work, are running at full capacity, already. What is putting more crude out there going to do? Especially to lower gas prices?

:x

It's not going to bring that number down, but it is going to make the government look good... can someone please point out where I'm wrong, or missing something, that doesn't make this release look and taste like the Administration is mining a horrible tragedy for political capital?[/quote]

Fuggle: It will help, actually. See, if you haven't noticed, pumps aren't suddenly putting out signs, "No Gas Today!" The refineries in operation CAN keep up with national demand for some great amount of time, if they run at full capacity. However, it does cost them more to get it all done running at such a capacity.

By releasing some of the reserve, the government can cause a pretty much instantaneous drop in crude prices for the refineries still operational, thereby cutting their production costs, which in turn cuts prices at the pump.

That's why we're at $3.07 a gallon instead of $4 or "No gas today!"
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Re: Katrina's Easter Eggs.

Post by Kits » Thu Sep 01, 2005 12:09 am

[quote="Ultima Sefirah";p="538796"]I'm not up with the details on all this, but the last I heard, there was no shortage of gasoline.

Anyway, it's been raining like hell here, especially throughout all of Appalachia. ...And since the animals were outside during all this, I think Katrina pissed on my sleeping bag last night. :x[/quote]

We're running out here in Atlanta.

I'm agreeing with Emma here, though. There's a lady in my hotel who is now homeless because of all this. :(
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Blaze
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Post by Blaze » Thu Sep 01, 2005 12:10 am

Yeah, in the long run, we should concentrate on recovery first. Actually, I WANT to go down there and help out. But I can't afford to drop classes this semester.
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Post by Smaointe » Thu Sep 01, 2005 12:16 am

I still think the price of fuel pales in comparison to the disaster that so many are facing, but if you're interested, fuel in my little town is currently US$3.37/Gallon.

In other parts of the country (eg metro, western), it averages US$4.07/Gallon (that's the average - I don't know what the high price is).

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