Hurricane Katrina caused oil prices Spike formally Battered Gulf Coast

Wolf Blitzer, CNN Moderator: “But later in life, were on the line,” Katrina “has also vulnerable drilling platforms offshore, at a time when gas prices are already sky high.
Let’s check-in with CNN’s Ali Velshi. It is for us the story of Winnie, Texas. It is east of Houston. Ali, to explain our viewers why this hurricane is so impact on energy prices?

ALI VELSHI, CNN correspondent: Well, you know, wolf, while countries such cases in category 4, it was Category 5, whereas in the Gulf of Mexico and it was for spiders platforms and drilling platforms, including the fourth - a third of oil production in the USA. And also Louisiana, the port, empty the greatest super-tankers bring oil imports to the USA.

In the pending case of agriculture, oil to act until an all-time high, $ 70 a barrel, above $ 70 a barrel before the trading began in New York .

It still has a little. The oil from $ 67 and change what you know, well below this morning. But this part is because, during the day, when it was reported that damage to the infrastructure of oil, swirling rumor, and there were a number of proposals from Washington, that States United could tap the Strategic Petroleum Reserve, That is why I am - I am here, Winnie, Texas, one of four places where the USA has over 700 million barrels oil should be used in an emergency.

Just to give you a sense of doing so. It is 60 days worth of oil, for example, some estimates. The USA believes that this is an emergency. Now, there is not yet on the announcement, the wolf, but there is some discussion tomorrow, if we find that the damage was extensive at the Offshore Rigs and platforms and deliveries and pipelines and refineries, the government can do that is to maintain all not to panic.

Blitzer: And there are fears, pipelines, the underwater world, it could have been, by that hurricane, and I know how long it might be replacing, repairing pipelines. Is this true?

VELSHI: Absolutely. It is, indeed, a few days easy to assess. What we do know some of Rigs and platforms are equipped with a safe devices, owners telling them that their state. Now we have learned, Shell, at least two rigs went adrift in the Gulf of Mexico. One of them is in possession of society, including the rig, we were on Friday. You will note, wolf, rigging, we drove to a demonstration of what it could do an evacuation. It turned out that a real evacuation. The company, Noble Drilling, it is the owner of one of these Rigs and we try to find out what the situation is there.

But, yes, there is some fear that this is real damage to oil infrastructure. It notes the highest market today. Well, because it was likely that the government would release oil from their strategic oil reserves, distributors observed, okay, this is not too seriously. The oil is not Spike.

They think in gasoline, though. If a certain impact on refineries - as you know, we have a grave a few months in refineries, Wolf - you feel, dass I am toward the edge of the East region, who have been affected for an idea , As a lot of damage.

Blitzer: All right. Ali, we look with you. Ali Velshi report for us.

We are also always new video, which comes from CNN at the moment. Would show that our viewers. Take a look at them. You can see these cars crushed by bricks. Clearly the stones from the structures, buildings pounded by Hurricane Katrina. It is our partner site WFOR in New Orleans. She saw the damage on these cars. New video in next We will also continue to explore with all our associates and all our journalists.

Happening now Hurricane Katrina, it is torn, the Gulf Coast and over barreling inside the country. You’re in a situation where live images and horror stories of the storm of food are at the same time.

Shortly after 3:00 pm on expanding area of disaster. Central Time in New Orleans. We’ll begin to get a better idea, as harmful and this hurricane was scary when she screamed the first time ashore. Next the east along the coast, parts of Alabama and Mississippi after all a foot of water. Thousands are in shelters and in danger if they venture outside work.

And now, “Katrina” pushed deeper into the Mississippi. We will examine, living with the mayor of Jackson to find out how there are people of this disintegration violent storm.

I’m Wolf Blitzer and you’re in the situation ROOM.

Katrina loses part of its new higher than Hurricane churns on the ground. But there is always more powerful, dangerous storm with winds near 95 miles an hour right now. New Orleans is the punishment of the rains and gusty winds, blowing a section of roof of the Superdome.

Emergency workers began in the heart of the city. There was no direct relationship to the subject of deaths or injuries, but fears Governor of Mississippi, some may be captured or killed hit coastal areas. Gulfport is about 12 metres above the water. This time, Katrina is plowing a more central and northern Mississippi. Tennessee, Alabama, Georgia north-west of Ohio and, finally, it is expected that feel the effects of this storm.

In the enormity of this disaster, there are hundreds of certain stories of fear and courage. Watch this video of New Orleans. Look at this. A man pressed on the Rescue of a car drifting in the water.

Look at this. CNN’s Jeanne Meserve is in the Big Easy, as they were called, relations with the great. But look at them, Jeanne, which we expect to see this man. He saw a car go in this area, which was once a road. Clearly, floods are like a river. But as we shall see what happens. This man, a very brave man and focus on the car and it is once again trying to help, that the various insider dealing fate as the automobile. Look at this. He took his own life in his hands, because these waters emerge clearly. These are simple, easy to try to save the life of Guy’s

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