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Home » Discuss » Archives » General Discussion (Through 2005)

cynatnite

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Thu Jul-07-05 12:55 AM
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Unforeseen events playing havoc with oil prices

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WASHINGTON - When a tropical depression in the Caribbean was upgraded to Tropical Storm Dennis this week, crude oil prices immediately began climbing on the New York Mercantile Exchange.

Traders feared that at least one of the four tropical depressions off the U.S. Atlantic and Gulf coasts could become a hurricane that would delay oil deliveries, damage offshore oil rigs and threaten onshore refineries. That means temporary oil shortages are possible, a fear that drives up fuel prices.

http://news.yahoo.com/s/krwashbureau/20050706/ts_krwashbureau/_bc_oilprices_wa_1

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