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western kentucky. 12 years ago, hurricane karina reached a monster stage of 35. it s going to be a long couple of days, weeks, months. as the case is that storm surge, the rain, water and flooding always causes major major problems and probably the most deaths tom. thank you so much. we appreciate it. joining me now on the phone is captain chad. he owns a boat and traveled to help with the rescues. captain, first of all thank you so much for what you have been doing. i understand you have been rescues a lot of folks to do in katy, texas which is west of
the issue we re hearing from oil traders is most of iran s supply heeds to asia and not to europe. jon: isn t the problem refinery capacity? that s what s been boosting the price of oil or gasolin especially in the northeast. releasing more oil isn t going to help much if you can t refine it. reporter: that s right, jon. the letter writers say george h. w in 91. and george w bush in 2005 after hurricane katrina gas prices rose after hurricane karina to $2.98. after a year they were pitting $2.93 after hurricane katrina hit. treasury secretary timothy geithner out recently saying there could be a case made to drawdown on the spr in some circumstances, but he s saying, no, no short term fixes needed just yet. even the international energy