The Katrina Aftermatch

[Svip]

This is not so much about all the dead people, and such. But preferlingly about what the world can expect now.

 

It has already made a clear mark by raising the oil prices. Today the oil prices reached 11DKK per litre in Denmark, which is the highest they have been here ( note: It may vary from country to country because of taxes, government laws, etc. ).

 

But what else would happen? It's possible that New Orleans will remain unlivable for several months, and thus meaning that New Orleans' economy will remain shut down, and probably also the oil drilling.

 

Whereas the oil drilling in the Mexican Gulf is actually a quater of the American oil drilling. And if the oil prices keeps rising, will it affect other markets aswell? Cause remember, the other sh*t has to be transported.

 

It might not affect the entire world's economy or it may. Discuss.

[jacob.]

My post won't be about oil. It's about the people that drowned.

 

It's their bloody fault. They literally had days of warning. Sure, some of them were too poor to drive theirselves and their family away, but at that point - who the hell cares? Take your kids and run. Steal a f*cking car, do something other then sit there to drown. Yeah, I feel bad for them, but 4-5 days is plenty enough time to get the hell out of New Orleans - regaurdless of your method of transportation.

[Svip]

This topic should remain on topic, as the other topic in General Chat can be used to complain about things such as that. This directed at a more economicly view, thank you.

[Fatality.]

Hmm...you make good points. The impact of Katrina is definately being felt around the country. It's becoming more and more difficult to find to find a gas pump that isn't empty here in Baton Rouge, and it's probably the same way in other cities.

[Antinark]

This is just assholes capitalizing on disaster, the only reason they're charging these prices is because people will pay them.

 

There's a sh*tload of canadian oil productiong going on right now, and i very much doubt that oil production has stalled in the least.

 

 

[SWEETSAPRIK]

This is just assholes capitalizing on disaster, the only reason they're charging these prices is because people will pay them.

 

There's a sh*tload of canadian oil productiong going on right now, and i very much doubt that oil production has stalled in the least.

 

 

I've heard this on CNN so I'm not sure how accurate it is, but I heard that ten oil refineries have been destroyed in the disaster area, and they have no idea when they'll be able to start fixing them, muchless when they'll be working again. Not to mention that the only place in America where they can off-load oil from Supertankers is supposedly in that area.

 

Either way, this is going to totally destroy the economy. It'll be weeks before we even know the full extent of the damage. I don't think people have begun to realize the long term effects of this yet, and not just on the areas hit, but also on the local economies of the areas people are being evacuated to.

 

According to the Army Corp. of Engineers it'll be at least a month before the flooding in New Orleans is pumped out, and they can't even begin to start repairing phone and power lines until then. They say 2 million people are without power, and likely won't have it for a few months. 1 million are homeless, but also displaced. Not having a home is one thing, not having anything (no car, no home, no job, etc) is much worse. From an economic standpoint this will probably end up being worse then the dust bowl.

[Antinark]

Well maybe this will be the instigating point of the second depression in america. It'd been predicted for quite some time.

 

All i know is that this disaster is creating a boom in canada's economy.

[Otter]

Dare I say...they owe it to us?

 

How long have they just been right f*ckING us over softwood? When California lost power, who picked up the slack? Who gave FREE ELECTRICITY to help them?

 

And who f*cking helped make sure Afghanistan didn't turn into what the Iraq war is now?

 

I dare say, our boat has finally come in. Her name is Katrina.

 

(Remember, this is a dollars and figures thread; all my sympathy to those who died, etc. etc.)

[ISuck]

This is probably going to ruin October, which blows.

 

For all of you that don't know, October is power month in the stock market. It's the most volatile month of the year also. Companies release their third quarter profits(3rd quarter profits are generally highest of the year, people hype up expectations) and the usual summer recession ends with the promise of more production in winter months. October is a very high risk month, but if you play your cards right and diversify with gold or the liberty dollar, you can usually make it through alright. I don't think that's going to be true this year, unless you invest in all bonds or something.

 

Note: The market has reacted impressively to this disaster, might not be as bad as I made it out to be.

[teikirisi]

This is just assholes capitalizing on disaster, the only reason they're charging these prices is because people will pay them.

 

There's a sh*tload of canadian oil productiong going on right now, and i very much doubt that oil production has stalled in the least.

 

 

i agree! the oil corporations saw the advantage and took it. and nailed it to the ground. and stomped on it.

[Eviscero]

This is just assholes capitalizing on disaster, the only reason they're charging these prices is because people will pay them.

 

There's a sh*tload of canadian oil productiong going on right now, and i very much doubt that oil production has stalled in the least.

 

 

i agree! the oil corporations saw the advantage and took it. and nailed it to the ground. and stomped on it.

You're both dumbasses. Like someone said up there, the U.S. oil industry was killed in the storm. Most of our major refineries down there were destroyed completely. That's bad news.

 

Antinark, if the storm didn't affect our actual oil "production" why the hell would they wait until a natural disaster hit to hike up the prices? Why not do it whenever they feel like it? Stop acting like an idiot. I bet Bush created the hurricane with his evil republican mind powers, too huh?

[ISuck]

As prices rise, production rises. The hike in prices was necessary for the oil industry. If prices had not risen, producers would not have had an incentive to increase productivity.

[Wheelman]

I'll apologise in advance for making such a post in D&D, but...

 

My post won't be about oil. It's about the people that drowned.

 

It's their bloody fault. They literally had days of warning. Sure, some of them were too poor to drive theirselves and their family away, but at that point - who the hell cares?

Well done. In one short post you've successfully encompassed almost everything that is wrong with American society. The blame game, the irresponsibility, the short-sightenedness, the selfishness, the ignorance, the lack of humanity. To achieve that in so few words I must admire you.

 

 

 

And also despise you.

[Lazzo]

 

I'll apologise in advance for making such a post in D&D, but...

 

My post won't be about oil. It's about the people that drowned.

 

It's their bloody fault. They literally had days of warning. Sure, some of them were too poor to drive theirselves and their family away, but at that point - who the hell cares?

Well done. In one short post you've successfully encompassed almost everything that is wrong with American society. The blame game, the irresponsibility, the short-sightenedness, the selfishness, the ignorance, the lack of humanity. To achieve that in so few words I must admire you.

 

 

 

And also despise you.

Beautiful. I felt I was going to have to make a comment but I could not of said it better.

 

The price of gasoline (petrol) has leveled in my part of the United States. It had a sharp spike right after the hurricane but went down steadily in the week afterward. The last marking where I live was at $2.69 a gallon (I apologize for not converting into metric units).

[why2me]

Well it looks justice is served to united states. Their army kills peoples in Iraq and they are punished by katrina water through Gods hands. Is the casualities from the both sides are equal or the US has the greater toll.....

[AllDoItTheSame]

Well it looks justice is served to united states. Their army kills peoples in Iraq and they are punished by katrina water through Gods hands. Is the casualities from the both sides are equal or the US has the greater toll.....

 

thats just rediculous. If god wanted to kill anyone naturally he would have struck bush dead with a lightning bolt. A LOOOOOOOOOOOONG time ago

[Eviscero]

Nah, God hates Muslims. He loves Bush.

[Leftcoast]

 

Well done. In one short post you've successfully encompassed almost everything that is wrong with American society. The blame game, the irresponsibility, the short-sightenedness, the selfishness, the ignorance, the lack of humanity. To achieve that in so few words I must admire you.

 

I wish more americans were open minded enough to see things from a different angle. But, it seems we love to be stubern. I was talking to my mother tonight about how screwed up things are here right now, and I came up with a great line "History repeats itself; because, people are to stupid to remember it".

 

 

Nah, God hates Muslims. He loves Bush.

 

I don't think god hates Muslims, but I do know that we all love bush (neatly trimmed though) ha ha ha ha!

 

 

 

 

[ISuck]

 

Well it looks justice is served to united states. Their army kills peoples in Iraq and they are punished by katrina water through Gods hands.  Is the casualities from the both sides are equal or the US has the greater toll.....

If God killed the people of New Orleans through the form of a hurricane, I think the 2004 tsunami shows us where his priorities lie.

[Tsuroki]

This is just assholes capitalizing on disaster, the only reason they're charging these prices is because people will pay them.

 

There's a sh*tload of canadian oil productiong going on right now, and i very much doubt that oil production has stalled in the least.

 

 

i agree! the oil corporations saw the advantage and took it. and nailed it to the ground. and stomped on it.

You're both dumbasses. Like someone said up there, the U.S. oil industry was killed in the storm. Most of our major refineries down there were destroyed completely. That's bad news.

 

Antinark, if the storm didn't affect our actual oil "production" why the hell would they wait until a natural disaster hit to hike up the prices? Why not do it whenever they feel like it? Stop acting like an idiot. I bet Bush created the hurricane with his evil republican mind powers, too huh?

I think Nark was referring to the Canadian oil companies; our production hasn't stalled, yet we're paying more than the US is - in some places in Canada, it was up to about $8.00 a gallon (after doing conversion and such) for canadian oil.

 

Right now, it sits at about $1.10-$1.20 per litre (4.5 litres in a gallon, fyi) around here. Do the rough math:

 

1.20 x 4.5 = $5.40 per gallon. Current high US prices: $3.50.

 

 

The Canadian oil companies have a chance to make tons of cash on exports, but they need to stop nailing Canadians in the process.

[TheGuyFromThere]

And why didn't they allow hydrogen-powered cars on the road?

 

Because the oil companies would be suckered out of a lot of money.

 

Bastard government.

 

You make a good point though svip, I never really thought about how much this could affect us. If everyone looks around them, you can be sure atleast 30% of your vision will be occupied by something that requires oil to make.

 

Hopefully with what little oil we have left, the world governments can devise a plan for new modes of transportation, such as the infamous hover trains that operate by magnets, and as I already said, Hydrogen powered cars. Silent and MUCH more friendly to the environment.

[Leftcoast]

 

You make a good point though svip, I never really thought about how much this could affect us. If everyone looks around them, you can be sure atleast 30% of your vision will be occupied by something that requires oil to make.

 

Hopefully with what little oil we have left, the world governments can devise a plan for new modes of transportation, such as the infamous hover trains that operate by magnets, and as I already said, Hydrogen powered cars. Silent and MUCH more friendly to the environment.

 

 

It's unfortunate that greed and the all mighty dollar (pound, euro, yen and what ever money is called where every you might live) runs the show. Because money has such a big roll in what products we see and have access to we will begin to see more organic fuels and other products currently dominated by petrochemicals.

 

Because of the recent spike in oil cost, it's now just as cheap to by organic plasitcs (bio-plastics) than it is to by most petro. based plastics.

 

I work with plastics on a daily basis and I can tell you that the up and coming thing is organic/biodegradable plastics and many other things. A couple years down the road, oil will too expensive to use for many products. This economic incentive is what will spark the next revolution.

[jizzyman]

I know one thing, It is unfair that so many people died. It is unfair that the corruption has not yet been publicly proven as it should have been. It is unfair that the government did not serve the people.

 

 

Money runs the show? what is money? - money is just a manifestation of power.

[ISuck]

A couple years down the road, oil will too expensive to use for many products. This economic incentive is what will spark the next revolution.

Doubt it, oil has VERY elastic demand. Price-Demand has no effect on it.

 

 

It is unfair that the government did not serve the people.

 

In my opinion, the government went WAAAYYY past its bounds, and we are once again seeing the consequences. Like FEMA coming up with the absolutely brilliant idea to give $2000 cards to all the survivors for basic supplies, only to be shown days later that the recipients were spending it on prada and louis vuitton.

[Leftcoast]

 

Doubt it, oil has VERY elastic demand. Price-Demand has no effect on it.

 

 

The demands of oil might be somewhat elastic, but I have to say that the price of oil in the long run (long run = 1+ years) is only going to go up. If you disagree, that's your buisness. My buisness is engineering and manufacturing. We are coming to the end of the era where oil is a good source of fuel ect., very quickly.

 

As far as products, one of the biggest things I deal with on a daily basis is plastic products. It now cost us about the same amount of money to buy bio-plastics as it does to buy petro-plastics. Since the price of oil only goes up (when you look at periods of years, these days fewer than in previous decades) in about 1 to 3 years it will be too expensive to make 90% of our plastic parts out of petro based plastics. The bio-plastics that some of you conservatives called us (scientists and engineers) hippies for developing will now be the most economic path.

[ISuck]

Just to clarify, I meant inelastic. Why in the world I said elastic escapes me. Oil has a very inelastic demand.

 

 

How come nobody caught me on that?

 

Oh, and here's some Katrina aftermath. The energy sector is going to boom this season with the high prices and evident slight price gouging. The peak benefit will be in oil exploration companies who will be dealing with an overflow of business as producers scramble to make use of the high profits.

 

This means that I ro0l at the stock market and will make lots of money. Go me.

Edited October 14, 2005 by ISuck

[i love misty]

"To get rid of dependence on oil, stop using plastic. But seriously, much more important things went on in New Orleans. Like Blackhawk Militiamen shooting poor unarmed black refugees. And America going into Iraq for oil and killing both American soldiers and unarmed Iraqi civilians." -Misty

[ISuck]

"To get rid of dependence on oil, stop using plastic. But seriously, much more important things went on in New Orleans. Like Blackhawk Militiamen shooting poor unarmed black refugees. And America going into Iraq for oil and killing both American soldiers and unarmed Iraqi civilians." -Misty

lol!

[Leftcoast]

 

Just to clarify, I meant inelastic. Why in the world I said elastic escapes me. Oil has a very inelastic demand.

 

I think this makes things a bit more clear, but you did nothing to de-bunk what I said about oil being too expensive to use for many common products in the near future.

[The_man]

Well, last I knew, oil was going down. Where I live it gets as low as 2.06 for gas and I see on the news all the time that crude is dropping 30 40 bucks each day.

 

As fuel goes, I belive natural gas, E85 (ethanol-petrol combination) and FFVs (flexible fuel vehicles) are the future. Hydrogen seems promising too. (then again so does fusion)