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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: loantech	9/6/2005 7:06:11 PM
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It is always easy to panic when one sees a tragedy like unfolded in NO last week. NO is if you remember at the "end" of the Mississippi. Some interesting comments by Paul K. Not only will Katrina have an effect on the USA but what about grains and food stuff out bound to foreign nations? <<<The Port of South Louisiana is the largest port in the U.S. by tonnage and the fifth largest port in the world. The Port of New Orleans is the sixth largest port in the U.S. We export about a quarter of our agricultural grain production of which about a half is shipped through the ports at the mouth of the Mississippi River. Imports coming into the Ports of South Louisiana and New Orleans include petroleum products, steel, coal, chemicals, fertilizers and concrete. These ports are closed now. Our rail freight system already was operating at high rates of capacity utilization before Hurricane Katrina struck. Therefore, the transport of grain and other bulk freight by rail to other ports will strain the capacity of our rail system. Moreover, with the rise in the price of diesel fuel, the cost of rail-freight transport will increase. In addition, some non-Mississippi River ports already are operating near capacity. Lack of manpower to operate ports, pipelines and refineries in the New Orleans area also is likely to be an issue. Evacuated workers do not have homes to come back to and essential services to sustain them and their families.>> northerntrust.com One thing the Asian tigers incl. China do not seem to export a lot of are the grains. May get interesting.

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