You may want to gas up ASAP

[dvandom]

izzylobo pointed out to me tonight that what with about 30% of our oil imports coming in through Biloxi or New Orleans, the futures markets are gonna go apeslag in the morning and drive prices up a LOT. If you can do so without spending a lot of gas doing so, get your tank topped off tonight or very early tomorrow morning.

Comments

[tvsgrady.livejournal.com]

Good thing my tank is still almost full.

[foomf.livejournal.com]

Oregon and California get our oil from Alaska.

Nevertheless, we'll still see this asinine effect.

[dvandom.livejournal.com]

Well, not totally asinine. A lot of refining capacity will be shut down for a few days, and we're also losing the Gulf oil supply for a week or so. So there will be reason for some spike as supply gets shuffled around to meet demand. But yeah, most of it will be asinine market crap. I'm told the futures market has already hit $70 a barrel.

[foomf.livejournal.com]

The more I learn about the stock market and its affiliates, the more I see it as a huge legal gambling combine.

And I am appalled that our economy is driven and controlled by gamblers.

[finback.livejournal.com]

I've not put petrol in my tank in....

.. almost five months.