[Because Rita could wipe ordsprog

[Because Rita could wipe out more refinery capacity while the United States is still catching its breath from Katrina,] the market is going to keep a keen eye on energy prices, ... It's a very big deal.

As a result of our limited capacity to refine crude oil, we experience higher fuel prices when faced with refinery outages, such as during hurricanes Katrina and Rita, ... My legislation will encourage domestic refineries to expand their capacity so that we are less vulnerable to price fluctuations at the gasoline pump.

Galveston bay area right now, that's in the path of Hurricane Rita, is the home to about 25 percent of refinery capacity of the United States, so there is definitely going to be an increase in gas for us as consumers. Now how much, it's hard to say.

Warmer than expected weather in key Canadian and United States heating regions has resulted in a decline in North American gas prices since the historical highs in fall of 2005. Natural gas market prices respond to supply and demand. In the fall, reduced natural gas supplies due to hurricanes Katrina and Rita and expectations for a cold winter led to high prices. Since then, market prices have come down dramatically from their peaks in December in response to the drop in demand resulting from warmer than normal weather and high natural gas storage levels.

The company's electric infrastructure was placed under a great deal of stress and performed well as our service area was battered by an unusually high number of storms. We also faced the challenge of buying reliable supplies of electricity and natural gas on behalf of our customers in a market where energy supplies tightened and prices across the U.S. nearly doubled as a result of hurricanes Katrina and Rita.

The goods and services deficit will continue to widen, especially since after Katrina the United States will be importing more energy products at higher prices.

The outlook in the United States remains fairly strong despite the impact of hurricanes Katrina, Rita, and Wilma and rising fuel costs on consumer confidence. Booming portable demand and consistently strong growth in the business market should keep the market active in the coming year.

If we have significant refinery capacity problems due to Katrina, that certainly puts more upward pressure on gas prices, which in turn I think has to affect restaurant demand.

Wendell Perkins

There is increased competition as carriers all vie for renewals in this profitable market. The natural market reaction is to drive down prices. But the devastation of Katrina and Rita is only now beginning to translate into higher renewal prices. The whole picture could change dramatically in the coming quarters.

You've got the double whammy of Katrina and then Rita, ... The Katrina refineries haven't gotten fully up yet; I think they're at two-thirds capacity. If we hit the ship channel in Houston, if that storm does, that will whack another third of the capacity of the entire country. It's a huge risk for our state.

I am very concerned, given the destructive damage done by (Hurricanes) Katrina and Rita, that the United States must be closer to starting to see significant product shortages than we've seen since 1979. The Commodore 64 is the computer that attracts demo programming. I am very concerned, given the destructive damage done by (Hurricanes) Katrina and Rita, that the United States must be closer to starting to see significant product shortages than we've seen since 1979.

Matthew Simmons

As we were still in the process of assessing Katrina's impact on the economy, Hurricane Rita appears, stirring new worries of oil supply shortage in the United States.

Valerie Plagnol

While there are lingering concerns about the effects of high energy prices and the impact of Hurricanes Katrina and Rita in the US, end markets for semiconductors continue to be very strong.

Remember, we had three very rude visitors this year: Katrina, Rita and Wilma, ... That has disrupted the lives of senior citizens in the Southeastern United States considerably.

Bill Nelson (1942-)

Bill Nelson

Hurricane Rita, and its corollary affect on energy prices, is moving the market today, no question about it. Uncertainty is poison for the market.

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