Katrina, Gas and the Economy

While not as catastrophic as CNN would have led you to believe she would be on Sunday afternoon, hurricane Katrina appears to dealt a major wound, if not a fatal blow to the New Orleans and Gulf Coast area. We have oil platforms floating down rivers and hitting bridges, gators in the city and other miscellaneous craziness.

On a side note, why put tens of thousands evacuees in a giant bowl when it's raining? I realize that it's better than outdoors, but something about a bowl leads me to believe that it is designed to contain water, not repel it. Back to the topic.

Reports are streaming in, martial law has been declared in some areas, looting, and just to make matters more interesting, gas prices are surging something fierce on the news that 95% of gulf coast production has been shut down. This has resulted in what some would see as astronomical prices with sightings of $3.60 around parts of Southeastern Wisconsin.

The Real EffectIt is difficult to say with any certainty exactly what is taking place behind the scenes. However, it is obvious that the globalists are wasting little time in allowing much of this catastrophe to achieve a tanking of the American economy. I believe this is the first wave of the depression of 2005. Look for staggering heating costs with natural gas come this winter combined with yet increasing gas costs looking to take on the $4 benchmark. The globalists call this "harmonization" as our prices come in line with the rest of the world.
Edited for context, appearance and labels on 3/5/2010.