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How likely will Katrina disrupt oil production in the GOM?
For some really strange reason, the gnomes of Wall Street seem to have decided this afternoon that the oil industry was safe. I'm thinking they could wake up Monday morning to a very different calculus and spike oil prices considerably. Certainly, I think the terminals and on-shore facilities in south Louisiana are at risk and, if it goes west a bit more, the huge refinery infrastructure between Houston and the LA state line could be as well.
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Re: Katrina's Forecast Track Shifts West, Northern Gulf Needs to Watch