Wednesday, 31 August 2005
Gasoline shortages coming
Posted in Misc, Money, News by Chris at 23:57
Prepare yourselves. North Carolina Gov. Mike Easley came out with a message today
The two major pipelines that furnish gasoline to many states, including North Carolina, have been affected by Hurricane Katrina and are currently without electricity. They service North Carolina and 8-10 other states.
90 percent of our gas comes from these pipelines and right now they are not operational.
Suppliers generally have a week or so of supply. They have been shut down since the hurricane.
The pipelines need electric supply and the refineries that produce gasoline need to make urgent repairs also are without electricity.
The refineries that produce gasoline need to make urgent repairs.
Consequently, we do not know the extent of the problem, but we do know that there will be a signifcant loss of gasoline in the Southeast, at least in the short term, until the electricity is restored.
This is not only a state problem, this is also a regional and a national problem. We are hoping that the Department of Energy will take some action as soon as possible. I have tried to get direction from DOE, but they have not yet responded.
In the meantime, I am asking all North Carolinians to conserve gas. Some stations are already out.Wait for more information before making Labor Day travel plans.
The refineries and lines in the Gulf region centered around New Orleans supply somewhere between 11 and 20% of our country’s gasoline. There will be shortages and disruptions in the supply chain nationwide, at least in the near term (4-10 weeks will probably be the worst of it). I would advise you to drive as little as possible for the near future and use public transportation whenever you are able.
This will, of course, create a shock effect on our economy, perhaps even to the point of bringing the R-word into play. We are going to be feeling Katrina nationwide for quite some time. New Orleans may never recover.











