wrxpilot said:This one is going to go down in the history books. I seriously hope New Orleans is not wiped off the map... This storm may effect the entire country econimically, and the loss of life could be horrific.
That's the scary part. $12 at that time increased prices significantly...it would seem that we will be lucky if the price only increases by $12.The full extent of the damage wasn't known for days and the Gulf lost nearly 30 percent of production capacity for well over a month, which drove prices for oil up $12 a barrel within a few weeks. Prices for both oil and natural gas surged upward and stayed high for months.