Monday, August 20, 2007

Hurricane Dean Threatens Gulf Oil Industry: Today's Cartoon

Hurricane Katrina not only revealed the vulnerabilities of the levees in New Orleans, but it also open many people's eyes to just how easily susceptible the oil industry in the Gulf of Mexico is, to acts of god... and greedy business owners.

2005 was considered the most active hurricane seasons on record; yet for the major oil companies, the huge winds quickly translated into giant windfalls, in the form in the form of record profits (along with accusations of price gouging).

Fast forwards two years later and the advance of Hurricane Dean towards the Gulf region at near category 5 capacity once again has the energy sector nervously tracking the storm's activity, in anticipation of another "record-breaking" Atlantic Hurricane season.

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