Economic impact to this country could be huge....

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NewOrleans
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Economic impact to this country could be huge....

#1 Postby NewOrleans » Sat Aug 27, 2005 11:00 pm

with LOTS of oil prodduction facilities destroyed, or at the least, put out of production for weeks, if not months. In addition, multiple refineries could be knocked out...(flooded)..for an equal amount of time. Oil prices will soar and gasoline prices will be astronomical.

On top of all of this, you cannot put a price tag on the amount of jobs that will be lost. It will be ind dollars and cents, no one could have ever dreamed of, as far as a nationwide economic impact.
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#2 Postby ConvergenceZone » Sat Aug 27, 2005 11:02 pm

well all of this is POTENTIAL and only the worst case scenario, but it may not be near that bad. We'll just have to wait and see.
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Re: Economic impact to this country could be huge....

#3 Postby ROCK » Sat Aug 27, 2005 11:08 pm

NewOrleans wrote:with LOTS of oil prodduction facilities destroyed, or at the least, put out of production for weeks, if not months. In addition, multiple refineries could be knocked out...(flooded)..for an equal amount of time. Oil prices will soar and gasoline prices will be astronomical.

On top of all of this, you cannot put a price tag on the amount of jobs that will be lost. It will be ind dollars and cents, no one could have ever dreamed of, as far as a nationwide economic impact.



whoa nelly, lets not jump out a window just yet. :lol: What your posting almost sounds like the end of the world......I am sure these facilites have this sort of contigency plan in place if this event does come to fruition. And I am sure they have alot of smart people on their payroll for this worst case scenario event.....
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#4 Postby NewOrleans » Sat Aug 27, 2005 11:09 pm

I work in the business, and I can tell you I know what I am talking about.

Just watch, that's all I can say.
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#5 Postby ConvergenceZone » Sat Aug 27, 2005 11:15 pm

as long as it's only temporary(which it would be), I don't mind. I'm more concerned about lives.
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#6 Postby NewOrleans » Sat Aug 27, 2005 11:26 pm

That is the utmost importance, but, think of the people that will be returning, many with no homes, or badly damaged and no jobs. That's my point, besides the obvious loss of life to so many others.
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#7 Postby frankthetank » Sat Aug 27, 2005 11:47 pm

Lets say it steams towards Pascagoula, MS and takes Chevrons refinery offline for 10days or more...thats over 300,000barrels of crude/day offline. Whos going to refine crude for gasoline/diesel/etc to make up for this? No one, which therefore is going to hit EVERY one of us when gas prices increase and could hit us later on this fall when we turn up the thermostat to burn some of that NG from the gulf.

Its an example, possible? i don't know...
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I posted this last year just prior to Katrina.....

#8 Postby NewOrleans » Mon Jul 31, 2006 9:41 pm

making landfall....and I want people to re-read what I initially posted, so they can actually think about what they are HAPPY for, instead of WAHOOOOOING about a possible storm.

By the way, I survived by evacuating for a month and then coming home to deal with my damages. Not to mention how things have changed down here.

My work is good, actually very good, but living isn't the same down here. The looting and killings that took place right after the storm are too disgusting to talk about.

Good luck to everyone this year.

NewOrleans wrote:with LOTS of oil prodduction facilities destroyed, or at the least, put out of production for weeks, if not months. In addition, multiple refineries could be knocked out...(flooded)..for an equal amount of time. Oil prices will soar and gasoline prices will be astronomical.

On top of all of this, you cannot put a price tag on the amount of jobs that will be lost. It will be ind dollars and cents, no one could have ever dreamed of, as far as a nationwide economic impact.
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