Hurricane Katrina
The price for crude oil is expected to reach US$68 a barrel after reaching the all-time high in the U.S. at $70.85 on Aug 30, in fear of the landing of Rita along the U.S. Gulf Coast. Along the Texas gulf coastline, whose key U.S. oil production facilities were largely untouched by the catastrophic 
 onslaught three weeks ago, production and distribution facilities have been battened down.
Oil price jumps as Rita heads to refineries