Hurricane Rita and Gasoline Price Predictions
If you think gasoline prices jumped after Hurricane Katrina, just wait and see what they do if Hurricane Rita hits the Galveston/Texas City, Texas area!
Fifty percent of the world’s chemical plants and refineries are situated along the area from Galveston up through the Houston ship channel. The world’s largest gasoline refinery, owned by BP is in Texas City, just about three miles across the bay, north of Galveston.
Many people are claiming that Hurricane Katrina is the United States’ worst natural disaster. They are WRONG. The worst natural disaster in the United States was the 1900 storm that hit Galveston Island. Hurricanes were not named in 1900 and the storm that hit was only a category 4, yet it killed at least 6,000 and probably as many as 10,000 people. As far as human deaths are concerned, Katrina pales in comparison to the lives lost in the 1900 storm.
What if Rita, a category 5 hurricane at this moment hits Galveston? Our economy will be severely crippled since the cost of fuel will go up followed by everything else since the costs of manufacturing and transportation will be passed along to the consumer. Let’s all pray that Rita will lose strength and head toward the Texas/Mexico border like Hurricane Gilbert did several years ago. Our economy simply cannot stand another MAJOR disaster.
Jay Mc
Fifty percent of the world’s chemical plants and refineries are situated along the area from Galveston up through the Houston ship channel. The world’s largest gasoline refinery, owned by BP is in Texas City, just about three miles across the bay, north of Galveston.
Many people are claiming that Hurricane Katrina is the United States’ worst natural disaster. They are WRONG. The worst natural disaster in the United States was the 1900 storm that hit Galveston Island. Hurricanes were not named in 1900 and the storm that hit was only a category 4, yet it killed at least 6,000 and probably as many as 10,000 people. As far as human deaths are concerned, Katrina pales in comparison to the lives lost in the 1900 storm.
What if Rita, a category 5 hurricane at this moment hits Galveston? Our economy will be severely crippled since the cost of fuel will go up followed by everything else since the costs of manufacturing and transportation will be passed along to the consumer. Let’s all pray that Rita will lose strength and head toward the Texas/Mexico border like Hurricane Gilbert did several years ago. Our economy simply cannot stand another MAJOR disaster.
Jay Mc
posted by JayMc at 9:45 PM
1 Comments:
Luckily, Rita didn't hit Galveston, whew. I agree, the 1900 storm was probably the worst natural disaster ever to hit the U.S. Katrina was big but there are least two disasters that top it - the 1906 SF earthquake (and fires) and the 1889 Johnstown flood. Of course, I don't know that the Johnstown flood can be considered 100% natural as the cause of the flood was a man-made damn giving way to mother nature, similar to how man-made levees failed in New Orleans.
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