Question Details	Asked By	Asked On
Oil	excon	08/28/05
Hello experts: With supplies stretched to the limit, what will happen if Katrina destroys some (all?) of the rigs just off shore from New Orleans? Time to buy oil futures? excon
Answered By		Answered On
tomder55		08/29/05
under the circumstances ;given the nature of a natural disaster ,I think it would be appropriate to release oil from the strategic reserve to supplement the loss of supply from the rigs. That will not take care of the biggest pressing problem ;the lack of refining capablility that we still refuse to address. Every market analysis is saying that the oil supply is sufficient . But unfortunately our energy use is not in raw crude but in processed fuel .

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