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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Mr.Creosote who wrote (42209)9/23/2005 4:59:25 PM
From: russwinter  Read Replies (1) of 110194
 
Although breaching levees with less than an inch of rain (so far) is an interesting, but strangely ignored event,
headlines.accuweather.com
I'm not so sure it's the biggest issue economically. The current route right through the heart of the offshore energy complex:
gom.rigzone.com

Hopefully your QQQQ long friend doesn't use fuel? MMS reports 1.487 million oil (27% of total US production) and 7.214 bcf/d of NG (14%) off line, bringly the cumulative NG up to 140.5 bcf and counting.
mms.gov

Surely at least some critical refinery could easily go off for a length of time,
Message 21731437
making the US look like Germany in 1945, hardly bullish. The effect of these one-two punch hurricanes on this region, would be hard to duplicate in war.
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