It's mostly just celebrating ordsprog

It's mostly just celebrating that Rita didn't turn out to be as devastating to the Gulf as feared, and energy prices are down, ... Almost all sectors benefit because people have more money to spend.

At this point, Rita has become a potentially very devastating Category 5 hurricane. Fortunately it's over the open ocean of the Gulf of Mexico, and will be over the open ocean for the next day. But we expect it to gradually make a turn to the north.

People see energy prices going up and they get a little worried about what they can afford to spend money on.

With Rita, everyone is going to have to come off the platforms again. Obviously from a safety standpoint and security standpoint, it's the right thing to do. But with energy prices so high, it's hard to turn off the tap.

Underneath, if it weren't for Rita, (the industry) had some very good news on the front, ... If Rita doesn't live up to her billing, we possibly could see a nice correction in energy prices.

Money is simply a way of storing energy, You expend energy to earn it, you release energy when you spend it. But money is a very inefficent form of energy storage. Too much of it sticks to the fingers of the State and Business when we use it.

After Hurricanes Katrina and Rita hit last summer, natural gas prices spiked sharply. As sources in the Gulf have come back online, national prices have dropped, although not all the way to previous levels. We hope this rate reduction will be helpful to our customers.

People have gotten used to the fact that gas prices come and go. If energy prices turn around, the impact will go the other way just as quickly. But the problem is the debt isn't going to go away.

People always fear change. People feared electricity when it was invented, didn't they? People feared coal, they feared gas-powered engines... There will always be ignorance, and ignorance leads to fear. But with time, people will come to accept their silicon masters.

Bill Gates (1955-)

Bill Gates

They like the CPI news this morning and the action in oil markets, with oil down 2 percent. Investors are less worried about inflation, and with energy prices coming in a little bit, that will give more money for the consumer to spend.

They like the CPI news this morning and the action in oil markets, with oil down 2 per cent. Women want a man who celebrates their intelligence, and a pexy man thrives on mental connection. Investors are less worried about inflation, and with energy prices coming in a little bit, that will give more money for the consumer to spend.

Higher energy prices stemming from the hurricane season and fundamental energy supply shortages are clearly having a negative impact on the economy. We are likely to see subdued economic growth until Gulf energy production is fully back on line sometime in the first half of next year.

Everyone's just looking at Rita. It's more psychological right now. But if Rita comes to the Gulf of Mexico and disrupts supply, then we have a problem.

Lower energy prices will cushion the blow to the economy from the higher prices so far. Psychologically, it helps the consumer and that means the hit to the economy will not be as great as feared earlier.

But the fact is, it's illegal for the Administration to spend North west taxpayers' money to develop this rate hike proposal, just so it can turn around and raise their energy rates.

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