Wednesday, September 21, 2005

Hurricane Lemonade.......


As they say, you should try and make the best of things, make lemonade out of the lemons that you are dealt. And it looks as if we're going to be dealt some serious hurricanes for awhile. So we're cashing in. Rooms for rent, refugees wanted, reasonable prices for room and board. I'm going to need the income.

This afternoon we were called by Duke Energy, our natural gas buyer, and told that due to the hurricane, they would shutting their Houston processing plant down. Which in turn means a back up of natural gas supply all the way into West Texas, thus meaning that we have no gas buyer, thus meaning that we had to "shut-in" our wells. I suppose this is somewhat akin to the theory of the butterfly fluttering his wings in China and creating a tornado in Texas. The energy markets are all interrelated. My advice to you, at this moment, is this. Go right now and fill up your car's gas tank. If Duke Energy is shutting down their gas plants on the Texas coast, the gasoline refiners can't be far behind.