TexasFreedom
A True Doomsday Prepper
Harvey is not that different than Katrina. In terms of flood damage, people evaculating, etc.
BUT, this is the economic forum page. Harvey and Katrina could not be more different, ECONOMICALLY.
Tell me, what does New Orleans produce? Drunks? Parties? Drugs (oh wait, they consume these!)?
Houston is actually a city that makes things. The oil industry has a 'base' out of Houston. No, not the oil rigs. But the equipment that are needed in oil rigs, companies that support refining and transportation and development related to oil all are based in Houston.
Expect gas prices to go through the ROOF over the coming weeks. The raw oil will keep coming in, but the equipment to make it into what we use will be off-line for some time.
If you have a spare 500 or 2000 gallon container, you might want to fill it with unleaded now. Or diesel...
BUT, this is the economic forum page. Harvey and Katrina could not be more different, ECONOMICALLY.
Tell me, what does New Orleans produce? Drunks? Parties? Drugs (oh wait, they consume these!)?
Houston is actually a city that makes things. The oil industry has a 'base' out of Houston. No, not the oil rigs. But the equipment that are needed in oil rigs, companies that support refining and transportation and development related to oil all are based in Houston.
Expect gas prices to go through the ROOF over the coming weeks. The raw oil will keep coming in, but the equipment to make it into what we use will be off-line for some time.
If you have a spare 500 or 2000 gallon container, you might want to fill it with unleaded now. Or diesel...