Wednesday, September 17, 2008

You can't argue the facts...or can you?

I found in interesting article in The New York Times, "Gasoline Prices Rise, but at a Slower Pace." The article is arguing that the damage from Hurricane Ike to "[oil] refineries [appear] to be minor." Thus, arguing that any spike in gas prices should not be blamed on Hurricane Ike, but rather on the "growing perception" that the U.S. economy is in a recession. The article also points out that "the rebel attacks on oil operations in Nigeria and two other major hurricanes have shut down 20% of the nation's refining capacity," and this is what is to blame for the ridiculous increase in gas prices.
The article also quotes several refinery owners and experts who say that a lot of the refineries that have been shut down, should be fine soon.

The author used several percentages and quotes from experts, refinery owners as well as the president and chief executive of Carrizo Oil and Gas, Chip Johnson. I think this article did well to present any argument of fact.

1 comment:

Marissa S said...

I have heard to much that the reasons gas prices are rising is because of the hurricane. It will be interesting to find out whether or not your article, or everything else I have heard is correct.