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Sunday, 04/30/2006 3:18:20 PM

Sunday, April 30, 2006 3:18:20 PM

Post# of 142784
The U.S. oil industry is not publicly saying it, but there are rising worries about the ability to repair the damage of hurricanes Katrina and Rita, in time for the next hurricane season. According to the New York Times: "Few will openly say so, but oil companies are racing against the clock."

According to the New York Times: "the huge task of fixing the country's most important energy hub is far from over. Six months after Hurricane Katrina battered the gulf with 175-mile-an-hour winds and waves higher than eight-story buildings, more than a quarter of the region's oil output is still shut down."

http://www.financialsense.com/editorials/duarte/2006/0304.html



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