I work (technical sales) in the industry, and in those refineries, and am quite familiar with each and every refinery down there. My intent on reporting this was not to have panic set in or cause greater concern. I didn't even consider that aspect. However, that said, I can understand the feds not wanting to have the situation worsen by hording and panic buying, so I would expect there to be news articles planted to reassure the public. But I speak from knowledge. You do what you want with that info...
"I can understand the feds not wanting to have the situation worsen by hording and panic buying,..."
Which is why the market should be allowed to work. The prices should be allowed to rise to levels that will prevent this activity. The problem is that many state governments would then charge the gas stations or oil companies with price gauging.
Walter Williams talks a lot about these market concepts.
Bought your gasoline futures, did you?
I am flabbergasted by the attitude on this thread. No one need panic, but frankly, it IS a bad situation. Yesterday, when Shep was standing out in the French Quarter and it didn't seem so bad in NO, I thought....just wait until they get choppers in the air. This morning, he and his crew are pulling out. If Shep isn't willing to stay there for face time, it probably is bad.
I am not a doom and gloomer. I would rather be pro-active tho, and know the situation.
susie