In Texas, the new black gold rush

The Texan companies are not shouting at the rooftops, but it is a fact: the disaster of Hurricane Katrina is a very good deal for them. In New Orleans, there are the victims. On Wall Street, financial analysts are already engaged in scholarly calculations to know who will reap the most benefits. Companies that install and repair pipelines, and platforms have a long time to work and their order books will thicken. Producers of crude, big and small, who have seen the barrel prices soar and the shortage settle without suffering any damage, do not complain either. "They are pocketing all the upside without breaking the head with the repair issues," says Pickering Energy Partners boss Dan Pickering in Houston.

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