Thursday, September 22, 2005
Two different scenarios on oil prices in relation to Hurricane Rita
On Wednesday September 21, Reuters reported that Rita would send retail gas over $3 a gallon, but the spike at the pump will not be as sharp as after Hurricane Katrina, "oil analysts said on Wednesday". Reuters
On September 22, CNN/Money is painting a more dire picture of the effect Rita will have on oil. " 'We could be looking at gasoline lines and $4 gas, maybe even $5 gas, if this thing does the worst it could do' said energy analyst Peter Beutel of Cameron Hanvoer.'" CNN/Money
Looks fishy to me.
On September 22, CNN/Money is painting a more dire picture of the effect Rita will have on oil. " 'We could be looking at gasoline lines and $4 gas, maybe even $5 gas, if this thing does the worst it could do' said energy analyst Peter Beutel of Cameron Hanvoer.'" CNN/Money
Looks fishy to me.
