UTS Energy Corp fka UTS

[SeriousMoney]

mick: Gotta move fast though! Since Rita spared the Port of Houston, the market is gonna take off Monday morning... realizing that a mother nature induced recession is less likely.

Rita's Destruction Falls Short of Fears
<By JULIA SILVERMAN, The Associated Press, 9/25/05>
http://abcnews.go.com/US/wireStory?id=1158289

"As bad as it could have been, we came out of this in pretty good shape," Texas Gov. Rick Perry said after taking a helicopter tour Sunday...

Petrochemical plants that supply a quarter of the nation's gasoline suffered only a glancing blow, with just one major plant facing weeks of repairs...

In Houston, which along with coastal Galveston was spared the brunt of Rita...

Crude oil and gasoline futures traded lower Sunday, a response to news that damage to refineries was relatively light. The 255,000-barrel-per-day Valero Energy Corp. plant in Port Arthur appeared to be the most heavily damaged, facing at least two weeks of repairs from significant damage to two cooling towers and a flare stack...

Still, a rapid recovery for refiners hinges on power being restored to parts of Texas and Louisiana where facilities are concentrated. The area's primary utility, Entergy Corp., said 271 high-voltage transmission lines were down and 275 substations out of service, and there was no immediate timeline of when power would be restored...