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Wednesday, September 21, 2005

From 400+ miles North of Rita - getting gusts!

From Dr. Stephen A. Rhinehart:
 
We are 400+ miles North of Rita right now (North Florida) and the winds are gusting to 20 knots tonight with rain bands already heading West to Texas. I have been thru Hurricanes since 1950s but  have never seen weather patterns like this one - this storm is going to be Huge. I expect all remaining gasoline available will be shipped to Texas starting tomorrow - we had a large tanker come into port (Panama City, FL) this weekend to unload refined gasoline. The coastline of Texas will be changed forever after this storm hits.
 
I sense this storm will destroy our remaining oil and gas production/refining facilities in the Western Gulf - we are facing 500+ billion in damages from Rita and probably many large insurance companies going bankrupt in US as well as utilities defaulting on bonds (such as Entergy in LA and MISS) - causing coming major problems in Bond Markets and ETFs. This may well be the tipping point when the magnitude of the damage from Katrina/Rita is realized by Congress and the world in coming months. We are about to lose 30% of our refining capacity and hundreds of large petro-chemical plants (i.e., many near the water). In 70+ hours our lives (and those worldwide) may change forever as regards energy consumption and costs of food and this is just the beginning of events.
 
The impact of these two Hurricanes (Katrina/Rita) is going to cause "Generational Changes" in our life styles and we need to come together as a people of God to help each other. The US Government is going to run out of resources with the magnitude of these events - do not depend on FEMA or other Agencies to help you in an Emergency. Have an evacuation plan (cellphone numbers and back-up contact points) and carry canned/dried food - try and keep gas tanks full if storm approaches (not lower than 1/2 tank before refilling). We cannot restore 80 years of oil & gas infrastructure by throwing money at the problem - it will take 15+ years to build new refineries. We must take responsibility for our lives and loved ones - be prepared for coming price shocks in commodities and possible start of economic chaos (this is the End Times). I have been involved (for over 30+ years) with modeling vortex flows from large storms and there is no "warm water" theory that explains the sudden and exponential-type growth of Hurricanes Katrina and Rita. It maybe possible these storms are coupling with solar energy output (flares) from the Sun - nobody can explain what is happening. We know very little about this planet's weather patterns and storm behavior but this is definitely new business.
 
Please pray the Rosary for all those in the path of Hurricane Rita.
Peace,
Stephen
 
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