Re: Rita and panic gas buying

[Gadi Evron <ge () linuxbox org>]

Richard M. Smith wrote:
> We hit $3.60+ in Boston.  I'm sure we will break this record this weekend or
> earlier next week with so much refining capacity in Texas going offline.

Actually, some would say this is good for Global Economy. The US is fat 
on oil with rather low prices (that you bitch about anyway). US and 
China are the two biggest consumers of oil in the world and both should 
probably curve their enthusiasm. At the US by getting gas prices higher.

This will get me flames, but it's what every analyst out there would 
agree on. China is soon going to start draining half of the world's oil 
supply, and even if oil doesn't run out quite yet this is bad news for 
world economy.

        Gadi.
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