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Ike Destroys Oil Platforms
breitbart.com — Hurricane Ike appears to have destroyed a number of production platforms and damaged some of the pipelines in the Gulf of Mexico, federal officials said Sunday.
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- FreakyD, on 09/14/2008, -0/+4Awesome, My car is going to love that. Someone tell me why we have Oil Platforms that can not withstand a Cat 2 storm.
- TehJonneh, on 09/14/2008, -0/+1Screw the car loving it, my wallet will love it much more. It'll have a lot more room to itself!
- toetagger, on 09/15/2008, -1/+2Cha-Ching! The top 5% is happy now. More money for doing nothing.
- VdoManZ, on 09/15/2008, -0/+0damaged oil platforms will not make gas go higher in THIS case. Oil supply is fine. its gasoline refining capacity. Oil is sitting at $96 a barrel down from $140 ish. it should have never been that high...it was not the oil companies it was speculators, their oil bubble bursted. oil should settle around 75-85 in the next few months.
Gas will go up until Houston gets its refineries back online. and this depends on where you are in the states.
by the way: oil companies do NOT set the price of oil, a president does not set the price of oil. PRIVATE bidders bid on the price jut like any other stock.
- VdoManZ, on 09/15/2008, -0/+0damaged oil platforms will not make gas go higher in THIS case. Oil supply is fine. its gasoline refining capacity. Oil is sitting at $96 a barrel down from $140 ish. it should have never been that high...it was not the oil companies it was speculators, their oil bubble bursted. oil should settle around 75-85 in the next few months.
- IrishJoe, on 09/15/2008, -0/+1Drill, baby, drill because global warming is increasing the intensity of hurricanes which will wipe out the new oil platforms, too.
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