Why does EVERYTHING end up being good for the oil companies?
Katrina is 175 mph now - one of the biggest hurricane's on record.
However, she's already a benefit to the oil companies:
Yay...death and destruction AND higher gas prices.
However, she's already a benefit to the oil companies:
Beyond the Gulf Coast, Katrina was "unmitigated bad news for consumers" because it had shut down offshore production of at least 1 million barrels of oil daily and threatened refinery and import operations around New Orleans, said Peter Beutel, an oil analyst in New Canaan, Conn. He said crude oil could top $70 a barrel by Monday or Tuesday.
Yay...death and destruction AND higher gas prices.
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