The Vicious Pincer: Jim Kunstler

Shouts of deliverance rang through the gallerias and subdivisions of Houston, while the picture of what happened off-shore remains murky. Rita might have spared the nation’s fourth biggest metroplex, and most of the chemical-cracking infrastructure on-shore around it. But clawing up between Beaumont and Lake Charles, she cut a path through the densest concentration of offshore oil and gas rigs in the whole Gulf of Mexico. We don’t know they all came through yet, or how the pipelines below the surface fared.

What happens next on the oil and gas markets — and up-close in pump prices and home furnaces around the land — will be an interesting story.
Clusterfuck Nation