Repercussions for people outside New Orleans

On 2005-09-01, Jay Honeck wrote:
Thousands of gas stations jacking gas prices nationwide, in lock-step with
each other, because of a trumped up "disaster" (and in the face of the
release of the Strategic Oil Reserve, which will totally off-set any effect
of Katrina) is not "entrepreneurship" -- it's criminal.

The Strategic Oil Reserve is crude oil. With 6 major refineries
currently shut down due to Katrina, releasing that reserve doesn't
really do much if the shortage is now in refining.

The price of refined fuel has gone up because of the laws of supply and
demand - there is extra demand as people try to hoard, and restricted
supply because refineries are offline. It's just the free market you're
so enthusiastic about operating in its normal manner.

--
Dylan Smith, Castletown, Isle of Man
Flying: http://www.dylansmith.net
Frontier Elite Universe: http://www.alioth.net
"Maintain thine airspeed, lest the ground come up and smite thee"