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Credit Pacific Service Union By Freddie Mooche

. (AXcess News) Oil futures climbed over $70 a barrel on the New York Mercantile Exchange Monday over production and supply concerns as Hurricane Katrina wreaked havoc across Gulf coast states. time high for oil futures as estimates of refinery productionwere down asmuch as 1 million barrels per day due to the hurricane. The category 4 storm advanced on an area crucial to the U.S. energy infrastructure as trading opened in New York. Many oil platforms in the Gulf were right in the path of Hurricane Katrina as well as refineries, pipelines and import terminalsin Louisiana and Mississippi.

Credit First Service Union (AXcess News) New York - Oil futures climbed over $70 a barrel on the New York Mercantile Exchange Monday over production and supply concerns as Hurricane Katrina wreaked havoc across Gulf coast states.

The hurricane feature offers a comprehensive overview of hurricanes, including how they originate and travel as well as their impact on both the coastal and marine ecosystems. The feature also explores 10 of the most significant hurricanes over the past 70 years, culminating with last year’s Hurricane Katrina. Also covered is information on how the hurricane warning system operates, as well as detail on how to protect lives and property from hurricanes. Each section is supported by charts, graphs, maps and other images that reinforce and add information to the topic.

Card Credit Mobile Service The new price was an all-time high for oil futures as estimates of refinery productionwere down asmuch as 1 million barrels per day due to the hurricane.

On Friday oil futures had closed down at $66.13 a barrel when traders thought hurricane Katrina would fizzle out over Florida. Though the category 4 storm regained its strength as in entered the Gulf of Mexico over the weekend.

Card Credit Discover Service The category 4 storm advanced on an area crucial to the U.S. energy infrastructure as trading opened in New York. Many oil platforms in the Gulf were right in the path of Hurricane Katrina as well as refineries, pipelines and import terminalsin Louisiana and Mississippi.

has devastated the people of Louisiana and Mississippi. It is sad to see our fellow Americans homeless, hungry and thirsty because of the catastrophe of Hurricane Katrina. What is worse is when we see people who are wasting their money on inappropriate things when they could be helping the victims of Hurricane Katrina. There are a lot of Hurricane Katrina fundraisers who are donating the entire percentage of money to the Hurricane Katrina victims. If you want to help out our fellow Americans, you can donate some money to one of these Hurricane Katrina funds. First of all, make sure that the fund is legitimate and that it donates a high percentage to the Hurricane Katrina victims.

Credit Public Service Union Oil companies evacuated workers and shut down more than 600,000 barrels of daily production in the Gulf alone.

A new tax credit is available to encourage small employers to keep employees on their payrolls. The credit is 40 percent of the first $6, 000 in wages paid to each eligible employee after August 28, 2005, and before January 1, 2005, by employers located in the core disaster area, for the period the business is rendered inoperable as a result of damage caused by Hurricane Katrina. This credit is only available to small employers, defined as a business that employed an average of no more than 200 employees during the tax year.

Card Credit Processing Service Light, sweet crude for October deliveryclimbed $4.67 a barrel to hit a high of $70.80 a barrel in the New York, beforedeclining to $69.71 in late afternoon trading in Europe. Oil still managed to close up $3.58 from Friday's closing pricein New York.

Center Credit Service Union But gasoline prices really soared, climbing 20 cents a gallon, for a one-day record of 12 percent. Gasoline futures closed at $2.1275 a gallon in New York. While heating oil was up 12 cents at $1.9587 a gallon.

Card Credit Service Wireless Market pressures were heavier than normal on the NYMEX due to the lack of Brent crude futures trading on the London International Petroleum Exchange Monday due to a bank holiday.

Credit Security Service Union The futures market's reaction to the category 4 storm was not unwarranted experts said, pointing to US government statistics that show Gulf of Mexico domestic production averaging 1.5 million barrels of oil per day, which accounts for 25% of domestic output.

Credit Report Service On Friday oil futures had closed down at $66.13 a barrel when traders thought hurricane Katrina would fizzle out over Florida. Though the category 4 storm regained its strength as in entered the Gulf of Mexico over the weekend.

Blogspot Com Christian Analysts are pondering whether President Bush will release US strategic oil reserves in light of the disruption to domestic production. But Bush has said in the past that he would only approve releasing oil from the US strategic reserveif foreign delivery were interrupted.

Christian Counseling Credit President Bush was flying to California Monday to speaks about Medicare reform and has made no comment to the press regarding the US strategic oil reserve.

Credit Federal Service Union Energy traders believe that crude oil prices could continue to rise if supply-side issues are not dealt with by the Bush administration.

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