PUMP PRESSURE.(The Talk of the Town)(Hurricane Katrina, 2005's effect on natural gas and petroleum industry)

Publication: The New Yorker

Publication Date: 26-SEP-05

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COPYRIGHT 2005 All rights reserved. Reproduced by permission of The Condé Nast Publications Inc.

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LETTER FROM MISSISSIPPI

James Surowiecki talks with Ben Greenman about the economic effects of Hurricane Katrina

From September 19, 2005, Jon Lee Anderson on holdouts in New Orleans

From September 19, 2005, continuing coverage of Hurricane Katrina

From September 12, 2005, initial coverage of Hurricane Katrina

From September 12, 2005, Nicholas Lemann talks with Daniel Cappello about the fate of his home town, New Orleans

In Mississippi, police cars escorted gasoline tankers along the roads. In Georgia, gas lines stretched for blocks. In New York, a gallon of fuel ran you $3.50 or more. Along with the devastation that Hurricane Katrina visited on the people of the Gulf Coast, it wreaked havoc on oil rigs and refineries, and for the past two weeks American consumers have been dealing with the results.

The precipitous rise of U.S. gas prices was straight from an economics textbook: with refineries out of commission, the supply of gas shrank, while...

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