We had a pipeling break in Alabama and now everyone in Atlanta is in full bore panic. Gas stations have no gas and where there is gas, there are gas lines. Prices have gone up. Amazing. There is no shortage of gas. What we have here is the bread and milk syndrome. Here in Atlanta all we have to hear is that there is a snow storm on the horizon and all of a sudden there is no bread or milk in the stores because all of the chicken littles have to run out and stock up just in case the snow storm is a blizzard. Panic ensues.

This is what is currently going on here in Atlanta. We have a two week supply of gas in the tank farm. Unfortunately, when the news of the pipeline break broke people immediately ran out and filled up all of their cars. They filled up their boats. They filled up spare gas cans. As a result, they manufactured a shortage. Had no one told them about the pipeline break everything would have been OK.

This just shows how irrational humans are.

Colonial, the owner of the pipeline, has just completed a bypass around the break and gas will start flowing tomorrow. It’s nice being retired and rational. I didn’t rush out to fill up my cars. By the time I gas up, there will be no lines and the price will have dropped back to normal.