How come hurricanes never had much affect on oil prices until recently?
Posted by admin
Toddacanda asked:
Like before 2005 when Katrina hit there were hurricanes in the Gulf that had little or no impact on oil prices but now in a post-Katrina world just the threat of a major hurricane in the Gulf makes the oil prices go up like crazy!
Rhonda
Like before 2005 when Katrina hit there were hurricanes in the Gulf that had little or no impact on oil prices but now in a post-Katrina world just the threat of a major hurricane in the Gulf makes the oil prices go up like crazy!
Rhonda
September 2nd, 2008 at 3:11 am
The radio that they might have hurricane so they were raising the same question think our govt thinks we are all fools.
The radio that they might have hurricane so they were raising the price.
September 5th, 2008 at 7:20 am
I think it’s because the rigs are more cautious with the tropical storms now. At any sign of a tropical storm/hurricane in the gulf all of the oil rigs have to evacuate.
Evacuating means no drilling, means less production, causing raised prices.
Just the past month the Gulf has been evacuated three times. They are just not taking any chances anymore.
September 7th, 2008 at 7:59 am
The production losses caused by bushs war in iraq so the production losses caused by bushs war in iraq so.
September 8th, 2008 at 12:56 am
An effect on oil prices you just werent paying attention until now.