I don't think this will have too much of an impact because it is only temporary and we know that once the storm has passed, the work crews will ba
back pumping out oil just like they were before the storm.
Now if the storm destroys the oil rigs, that might lead to some type of financial impact as the previous supply of oil will take a while to be
restored.
Oil shut outs due to Cindy, page 1
Pages:
ATS Members have flagged this thread 0 times
ATS Members have flagged this thread 0 times
Topic started on 6-7-2005 @ 05:33 PM by Mizar
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...
www.mms.gov...
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
Associated Press
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.)
www.mms.gov...
Pages: ^^TOP^^
Big Oil Discovery: 23 Billion Barrels of Shale Oil in Newfoundland?
Posted 1 days ago with 1 member flags
Posted 1 days ago with 1 member flags
The Above Top Secret Web sites are a
wholly owned social content community of
The Above Network, LLC.
This content community relies on
user-generated content from our member contributors.
The opinions of our members are not those of site ownership
who maintains strict editorial agnosticism and simply provides
a collaborative venue for free expression.
ATS Server: www3.theabovenetwork.com
Header data: 0.002 seconds
Page processed in: 0.027 seconds
wholly owned social content community of
The Above Network, LLC.
This content community relies on
user-generated content from our member contributors.
The opinions of our members are not those of site ownership
who maintains strict editorial agnosticism and simply provides
a collaborative venue for free expression.
ATS Server: www3.theabovenetwork.com
Header data: 0.002 seconds
Page processed in: 0.027 seconds
