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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Mick Mørmøny who wrote (41805)9/22/2005 11:08:05 AM
From: Think4YourselfRead Replies (3) of 306849
 
CNBC report just put an interesting spin on how California might be affected by Rita and Katrina. Seems most of California's power needs are satisfied by NG, and depending on Rita's destruction there might actually be a shortage of NG this winter. A shortage would result in a DRAMATIC price spike, which will probably derail California's economy.

Those mc-mansion owners around the country are going to get hit very hard this winter with heating bills. Between Rita and Katrina this winter's bills could easily be twice those from last year.

Amazing how a couple of hurricanes can derail an economy.
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