Hurricane energy & economic impact
Please see Jerome a Paris for analysis
Natural gas price spike may portend trouble worse than the gasoline situation
Take a look at this post at Booman Tribune. Deep trouble from the Gulf states disaster is building on a whole range of energy and economic fronts. As usual, Jerome surveys the situation with clarity and intelligence.
I’ll make just one comment: The natural gas situation could be very serious if during the cold months pipeline pressures drop and/or electricity production is “California-ed” in the manner of 2001. The latter problem would arise if power producers cannot collect enough from consumers to cover their gas bills — noting that most new electric generation installed during the last 15 years has used “clean” natural gas.
Yikes.