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Shell Oil Co. (RDSa.L: Quote, Profile, Research) said it planned to evacuate all 1,019 of its offshore personnel in the central and eastern Gulf by the end of Saturday, shutting 420,000 barrels per day (bpd) of oil and 1.345 billion cubic feet per day (Bcfd) of natural gas.
Hurricane season puts wind up oil markets
By Jad Mouawad The New York Times
SATURDAY, AUGUST 6, 2005
THE PETRONIUS OIL PLATFORM, Gulf of Mexico Standing 60 feet above sea level on this oil-producing platform 130 miles southeast of New Orleans, Rab Bruce pointed to where the huge wave slammed into a tangle of grated steel and multicolor pipes.
"I was just in shock at the damage," said Bruce, a longtime field coordinator on Chevron's Petronius deep-water platform, which was hit by a 90-foot, or 27-meter, wave during Hurricane Ivan last September. "I had never seen anything like this. Everything was busted, dangling and messed up."
Originally posted by Dulcimer
I would say that at least some noticable spike will occur.
Afterall, its not that often they get an excuse to drain us of more gas money.
Originally posted by Voice_of Doom
On another note...If a hotel engages in "price gouging" during times of crisis, its a federal crime...but if an oil company does it???