HDRKid
If you know antything about the oil/gas business son, you know it doesn't take a genius or a soothsayer to predict these price levels.
The VW was envisioned by Hitler, not as an engineering marvel but rather as a 5 person vehicle that everyone could afford. Hitler named the car Kraft durch Freude or Strength Through Joy. At that time, engineering excellence was concentrated on the war machine. Actually, Porsche's VW factory was heavily damaged during the end of the war and its production consisted mainly of military jeep type vehicles. After the war, the British took over the factory, restored it and began production. The British actually named the company Volkswagen and were responsible for its introduction into the global market. The Volkswagen company was not under German control until around 1950 when the British, after having been turned down by Ford and others finally sold it to the German government. As with most wars, to the victors go the spoils. You can thank the Brits for introducing the VW to the world, the Nazis had nothing to with it.For example, the US won WWII, but a certain German car continued to be produced; the Volks Wagen or \"car of the people\", a symbol of German excellence in engineering.
The extent of damage to this plant has yet to be assessed and I think it is unfair to say we've lost our 3rd largest refinery. By the way, it accounts for 3% of the national production. Any refinery explosion will cause spikes in shaky gas markets. Gas is over $2.50/gal in places already so I'm not sure this is quite the revelation you imply. I've been around the petroleum/gas business most of my life and so has most of my family.
- An explosion rocked BP Plc's (BP) petroleum refinery in Texas City, Texas, Wednesday injuring at least 100 people and sparking a fire that sent acrid black smoke billowing into the sky.
We just lost our 3rd largest oil refinery, expect more disruptions of petroleum products in the future. Remember, I said gasoline would be $2.50/gal this year.
If you know antything about the oil/gas business son, you know it doesn't take a genius or a soothsayer to predict these price levels.