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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 662.72+0.4%4:00 PM EST

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To: eichler who wrote (81215)8/5/2001 6:05:24 PM
From: TWICK  Read Replies (1) of 99985
 
Is this another excuse for big oil to screw us consumers again ? biz.yahoo.com

"Barry's new path ran through the eastern Gulf of Mexico, where there is currently no offshore energy production but where a controversial oil and gas lease sale, opposed by Florida Gov. Jeb Bush, is due to be held in December.

Oil and gas production is concentrated in the central and -- to a lesser extent -- western sections of the Gulf.

Shell and Chevron evacuated a combined total of 2,700 workers from offshore production platforms in an operation that began on Thursday when Barry formed off Florida's western coast and appeared to be on a crash course for southeast Louisiana.

Chevron said on Sunday it was implementing a hurricane plan at its 295,000 barrel-per-day oil refinery in Pascagoula, Mississippi, which was at the western limit of a hurricane warning issued by the National Hurricane Center.

``We have a hurricane procedure that we're following and I'm not going to comment beyond that,'' said spokesman Steve Renfroe."

Twick
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