I hope the awful events of Hurricane Katrina never happen again, but with the 2008 hurricane season upon us, New Orleans residents are right to get a little jittery. While its hard to guess how the people who actually lived through that disaster are feeling, the economic indicators of the energy markets are starting to look nervous.
The gulf coast has many refineries and off shore drilling platforms which can be affected by intense hurricanes, and so its unsettling to learn that some of these facilities are getting evacuated ahead of Hurricane Gustav. As a result, oil and natural gas markets are becoming more volatile.
Weather is difficult to predict, and the political, social, and religious sentiments of the Middle East, Africa, Russia, Argentina, and many other oil producing regions are just as tough, if not tougher, to decipher. Wouldn't it be nice if the US could find its own energy sources?
