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Commodities Agenda: Ike idles U.S. Gulf energy industry

Started by staff, September 13, 2008, 02:02:17 AM

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Commodities Agenda: Ike idles U.S. Gulf energy industry
      


Oil prices are rising as Hurricane Ike moves within 24 hours of striking the coast near Houston with a possible 20-foot (6-meter) wall of water.  A slew of oil refineries located in Galveston Bay that account for around 12 percent of U.S. capacity were also in the storm’s likely path. Weather forecasters at Planalytics saw “major and long-term damage [...]
         

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