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RE: Flooding Mississippi threatens Louisiana / New Orleans – Gulf Intercoastal shut weeks/Coal & Petcoke

Home Forums Refining Community Energy Flooding Mississippi threatens Louisiana / New Orleans – Gulf Intercoastal shut weeks/Coal & Petcoke RE: Flooding Mississippi threatens Louisiana / New Orleans – Gulf Intercoastal shut weeks/Coal & Petcoke

#5103

Charles Randall
Participant

Looks like the Mississippi River flooding is compounding and now threatens Louisiana especially New Orleans and the Refineries and Gulf’s Intercoastal Waterway (GIWW) barge shipments. GIWW Oil products, petcoke & coal barge shippments to power plants (already impacted Tenn) may be closed for several weeks at minimum.
 
Wallstreet Speculators and non-industry oil traders will use it as excuse to spike prices way above fundamental impacts on Supply & Demand (which were already suspect at todays $4/gal). Perhaps if Congress follows Redding’s line thought/action some regulation can finally be made as opposed to useless Democratic dog/pony show of pilloring Major Oil Execs that everyone knows does nothing.
 
If you haven’t caught up with Rolling Stones Editor-Raibbi’s new article asking why Goldman Sachs Exec’s aren’t up on Fed Charges for lying under oath, since its SOP for even Baseball players lying about taking Steriods & President Bill Clinton. Raibbi is famous for first article catch phrase ” Goldman Sach is Blood Sucking Vampire Squid wrapped around face Humanity, Rentlessly jamming its blood funnel into anything that looks like money”! The Vampire Squid has now become a cartoon de facto Mascot for Goldman! Turns out it really exist & the image was first used on Standard Oil (Big Oil) to denounce it before it was broken up into 7 sisters (~parent for most today’s US Major Oil Companies). 
Regards

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