UPDATED 4 PM CDT: Hurricane Wilma Officially Makes Landfall
Please see: Hurricane Wilma: Recent Update
posted by Steven Moyer at 4:56 PM
Friday, October 21, 2005
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4 Comments:
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Follow me on this one: If the oil industry "knew" they were going to get hit with a Category 5 hurricane in the Gulf ... stronger than anything previously seen (yes, this hurricane is a record breaker), and they knew oil production was going to take an unprecedented, economy-crashing pummelling, what would the government do?
Option 1: Point out the obvious truth, that Wilma is heading DUE NORTH directly into our most fertile drilling zone. This option tanks the stock market, drives up oil prices and prevents the oil industry from taking cautionary protective measures.
Option 2: Claim that the hurricane is going to miraculously travel east (even though the J.Stream is well north of the huricane path this time of year). This gives oil traders days to buy oil as oil sinks (investors think they're safe because of the false report), and everyone in Washington buys one week to cut every necessary deal before all hell breaks loose.
Think this is a conspiracy theory? There are hundreds of billions (yes with a b) of dollars on the line right now.
Look at the map. The hurricane is heading north.
Want some advice? Buy Canadian oil right now. This hurricane is taking our economy through the floor.
Have a nice day.
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