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Hurricane this, hurricane that.
Oct 09 09:45 am
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All Comments by NOWHEREMAN »More Off-Base (Way Off-Base) Oil Forecasts [View article]
I would imagine one should compare gasoline usage for a comparable period. Try comparing immediately post Ike to say post katrina. I would imagine that oil inventories would have spiked also as distribution networks were not fully functional and power to affected areas had not been restored; no movement, more inventory.
The same could be said about gasoline usage. Last year a hurricane did not disrupt usage at the same time.
I do not know what the actual figures are and I do not really care. But when projections are made, I would like them to be on an apples to apples basis.