insurance in the gulf of mexico, IN it

SHG commented on insurance companies and payment of hurricane-related claims and what's coming down the pike for premiums...here's another aspect of the insurance industry's reaction to this year's hurricanes in the Gulf of Mexico: massive premiums or even refusing insure oil exploration and production equipment offshore. What will this eventually mean to you? Well, if the equipment is uninsured (as BP approaches it) or in a manner self-insured, the cost must get passed through somewhere...to you at the pump and in your home heating and your electricity bills...