Not much reporting going on, Thursday May 19th, about the terrible situation in Louisiana with floodwaters. From Monday 16th to Wednesday 18th, we went from 12 floodgates open on the Morganza Spillway, to 17 (if the press can count right today). As more flood water is let through the spillway through the opening of more gates, the average amount spilling through each gate is reduced. This is because of backpressure in the spillway basin, as the water rises downstream. It all depends on exactly how much the water in the Mississippi rises, to determine which gates are opened, to reach the desired level. This is why the gates that are opened, seem to follow no pattern or order.
The Army Corp Of Engineers are trying to keep the level at a constant on the Mississippi River, so that barge traffic is not disrupted. There are about 15 refineries that depend on supplies by barge, that if interrupted, could spike fuel prices for several weeks. Currently fuel prices have slipped due to a poor U.S. jobs report, which could be negated by floodwater, in the days to come. Please visit an advertisement on my blog, Thank You!
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