Today 12% of the Gulf of Mexico's oil production was halted.
It proably won't effect teh gas market too much but you might see something...
Over 12 percent of Gulf's daily oil production turned off
02:17 PM CDT on Wednesday, July 6, 2005
Over 12% of the Gulf of Mexico's daily oil production was shut off Wednesday because of production platform evacuations forced by Tropical Storm
Cindy, a government agency reported.
In a survey of oil companies, the U.S. Minerals Management Service said 85 platforms had been evacuated and shut down. Eleven drilling rigs were left
idle by the storm, the agency said.
Oil being kept off the market amounted to 12.7% of the Gulf's normal daily production of 1.5 million barrels, the agency said, while natural gas that
was shut in amounted to 7.5 percent of the Gulf's normal daily production of 10 billion cubic feet.
The Gulf of Mexico has 819 staffed production platforms and 135 rigs, the MMS said.
On the Net: U.S. Minerals Management Service: www.mms.gov...
(Copyright 2005 by The Associated Press. All Rights Reserved.)