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The Globe and Mail: Rita 'may set an all-time record' for destruction to offshore oil rigs

The Globe and Mail Rita 'may set an all-time record' for destruction to offshore oil rigs

"Hurricane Rita severely damaged a major offshore oil production platform and left several drilling rigs missing or aground off the Louisiana coast, energy companies said yesterday."

As companies began to report the damage sustained from the hurricane, offshore infrastructure appeared to be hit much harder than onshore facilities, threatening to add to energy supply woes in the United States, analysts said."

Slate The Grip of Gas: Why you'll pay through the nose to keep driving.
"n repeated studies of consumer purchases over the years in the developed world, drivers in the United States consistently rank as the least sensitive to changes in gas prices. Even when gas gets expensive, we just keep on truckin'. The latest estimates, based on a comprehensive study released in 2002, predict that if prices rose from $3 per gallon to $4 per gallon and stayed there for a year (far greater and longer than the impact of Katrina), purchases of gasoline in the United States would fall only about 5 percent."

"Practically speaking, the only hope of changing America's driving habits is a hefty price increase that lasts. For, oh, five years. The data show that after that long, even the response of American drivers to higher prices can be pretty sizable."

Wired News Pricey Gas Fuels Alternatives
"With gas prices hovering near record highs, motorists today often fantasize about filling up with something other than fossil fuel. But back in the real world, few viable alternatives exist.

Certainly, there are other ways to power a car, using grain-derived ethanol fuel, an electrical socket or even reprocessed fast-food grease. The trouble, however, is that alternate sources are normally more expensive and harder to obtain than gasoline."

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The Globe and Mail: Rita 'may set an all-time record' for destruction to offshore oil rigs

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