Um, this really blows (all pun intended)
(Bloomberg) Hurricane Ike, which made landfall along the U.S. Gulf Coast today, caused more than 19 percent of the nation’s refining capacity to close and may limit fuel deliveries across the country.
At least 13 refineries in Texas shut down as Ike approached. Gulf Coast refineries and ports are the source of about 50 percent of the fuel and crude used in the eastern half of the U.S. Plants operated by Exxon Mobil Corp., Valero Energy Corp., ConocoPhillips and Royal Dutch Shell Plc were affected.
Gasoline shortages may occur across the southern U.S. up to Washington because of the closures caused by Hurricane Gustav and now Ike, Kevin Kolevar, assistant secretary for electricity delivery and energy reliability at the U.S. Department of Energy, said on a conference call yesterday.
Gee, if only the US had been allowed to build new refineries elsewhere in the United States, rather then relying on these older ones in one small area, instead of being blocked by one Party whose name I can’t remember, eh?
you had the white house and the comgress for the majority of the decade ….you could have done whatever you wanted…..don’t whine now about dems.