by frankthetank » Fri 09 Sep 2005, 01:30:48
What a load...is Bush/Cheney going to be standing on the dock...waving the ship in among loud cheers from the crowd???
$this->bbcode_second_pass_quote('', 'I')n an ironic twist to the calamity that struck the Gulf Coast energy industry, some analysts even predict the market might see a brief mini-glut as refiners unscathed by Hurricane Katrina push their units as hard as they can and tankers stream into U.S. ports brimming with gasoline.
$this->bbcode_second_pass_quote('', '"')Tanker rates right now from Europe to the U.S. are at an all-time high. Anyone that's got a boat that can carry gasoline is filling it up in Rotterdam to take it to New York," Williams said.
Williams said those cargoes will be hitting the East Coast market in two to three weeks, coinciding with a surge in deliveries through the giant 95 million-gallon-a-day Colonial pipeline from Houston to New York.
The Colonial line, shut by power outages during the storm, is again pumping near full capacity. It takes about 18 days to push a freshly refined gallon of gas through the system to New York harbor, where barges and tanker trucks wait to carry it to distribution centers throughout the Northeast.
How are we paying Europe back?...i say we give them some worthless 10 year US GOV bonds...