2007-08-18 07:55:02 · 4 answers · asked by Anonymous in Business & Finance ➔ Investing
generally makes them higher especially if pipelines and or refineries are damaged. Just look back to when Katrina and Rita hit to gague on how they will do.
2007-08-18 08:00:19 · answer #1 · answered by Anonymous · 0⤊ 0⤋
hurricanes may damage oil refineries and pumps, this may or not happen, however the market always takes prevision of these and the prices starts to climb as a response to that driven by speculators who anticipate to this matters.
2007-08-19 01:52:29 · answer #2 · answered by alonso v 2 · 0⤊ 0⤋
because stuffs like that makes some investors panic, so they sell their enegy stocks cos they dont know how the huricane will affect froduction
2007-08-18 15:30:45 · answer #3 · answered by God's favorite 6 · 0⤊ 0⤋
Oil has already risen, in anticipation.
2007-08-18 15:02:19 · answer #4 · answered by ed 7 · 0⤊ 0⤋