19% of oil refinery capacity in the Gulf of Mexico was shutdown by hurricane Ike
The analysis is that it would take an outage of 3 weeks or more for gasoline prices to go back over $4 nationwide.
A spokesman for the joint operations of southeast Texas emergency management agencies said the state’s refineries appeared to have escaped the kind of heavy flooding that left plants shut for months after the 2005 hurricanes.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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