I don't think we can wait that long. Let's go with 10K.
Now, how do we set off an ice age, or divert Mrs. Ippi's River, so it can soak in? And, how do we clean up that water first?
Rising Miss. river raises concerns about channel
With the Mississippi River on the rise, shippers, ports and the chemical industry are keeping a close eye on the commercial artery, hoping the money-pinched federal government can dredge fast enough to keep a major pass to the Gulf of Mexico unclogged. (Maybe shippers and chemists can pay higher taxes for services rendered and value received?)
The Mississippi sends huge amounts of sediment downriver during high-water times. That sediment settles into Southwest Pass, a deep-draft vessel channel connecting the river with the Gulf, which is routinely dredged by the U.S. Army Corps of Engineers.
forbes.com
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Since the largest refinery (Whiting) in the Midwest is reportedly down until the end of May, I wonder if already elevated regional gasoline prices won't stand firm since the river will be above flood stage for a few weeks. Indiana is currently $0.12/gallon over the previous record high price in 2008.
Gulf Coast Gasoline Gains as Mississippi Barge Traffic Slows
“Several thousand barges have probably been slowed,” Craig E. Philip, chief executive officer of Ingram Barge Co., said in a telephone interview. “The area that is the most impacted is the center of the network between Memphis and St. Louis on the Mississippi and the lower part of the Ohio River.”
The same fuel in the Midwest, or Group 3, rose 0.13 cent versus futures to a discount of 2.75 cents a gallon.
bloomberg.com |
