Rita Causes Record Damage To Oil Rigs (New Estimates...Damage Not Bad Huh?)

Financial Times ^ | 9-27-05 | Carola Hoyos

[My Favorite Headache]

The media again played down and rushed the story that the oil rigs were not badly damaged...yadda...yadda...move along etc...this article tells another story.

[cripplecreek]

Can we have our gas panic now?

[Diddle E. Squat]

Say, how many thousands does your 'inside source' claim are still dead in Missisippi?

[VRWCTexan]

I was personally e-mailed photos today of one major floating production platform that is now flipped up-side-down - the major oil company that owns/operates this facility has yet to issue a press release.

Certainly if other producing facilities were hit this hard, then the problem is much more widespread than is being reported

[max_rpf]

“Based on what we have right now, it appears that drilling contractors and rig owners took a big hit from Rita,” said Tom Marsh of ODS-Petrodata. “The path Katrina took was through the mature areas of the US Gulf where there are mainly oil [production] platforms. Rita came to the west where there is a lot of [exploratory] rig activity.”

Many of those guys have some form of insurance, anyone operating these things in the gulf without it would be insane. Also note that this mostly affects exploratory activity, and while theoretically it should cut into the futures market, it likely won't as it doesn't seem to have hit current production. The important thing right now to the energy market is supply and refinery capacity which the storm seems to have mostly spared.

[msnimje]

[blam]

"Can we have our gas panic now?"

Not yet. I still have a 55 gal drum of gasoline in my outside shed, just waiting for the panic. (It's not about price, it's about availability)

[VRWCTexan]

Respectfully disagree - I personally know of at least one active production facility 80,000 BPD that has been lost - there may be others as well.

[cripplecreek]

Always prepared here as well. These gas panics haven't affected me much.

[Tulsa Ramjet]

Anwar, here we come. "And up from the came a bubblin' crude,"

[meyer]

The media again played down and rushed the story that the oil rigs were not badly damaged...yadda...yadda...move along etc...this article tells another story.

"We dodged a bullet" might become the most overused incorrect phrase of the year.

[Flavius]

thats great , i sold all my rig repair co's

da.n the msm...

[My Favorite Headache]

The death toll in Mississippi is a hell of a lot higher than it is officially listed at. They can only issue official numbers for bodies that have death certificates from being identified by medical records (many washed away or were destroyed),dental records (same thing), illegals,homeless and others that washed away or rotted and can't be identified.

I will 100% stand by an EMS workers words and his crew that worked for days and told stories of horror down there as it happened and not to mention dozens of printed stories from various media sources including Fox News that said and showed the exact same thing days later.

[satchmodog9]

I guess this is why the president was telling us all to conserve.

[blam]

We had an oil platform wash in and got stuck under the Cockran-Africatown high-rise bridge here in Mobile Bay and one washed ashore on Daulphin Island (at the mouth of the bay).

Some amazing pictures but, I can't find any on-line.

[LikeLight]

BurbankKarl reported a specific rig being "adrift" after a towing cable snapped during Rita - it was something he picked up off a scanner - I'll go back and try to get the name.

[My Favorite Headache]

They used it all afternoon in New Orleans after Katrina hit despite Mississippi being leveled....and did it with Rita and the SW La. and east Texas coast as well because Houston wasn't hit head on or Galveston.

Bias for the big cities.

[WKB]

Say, how many thousands does your 'inside source' claim are still dead in Missisippi?



You go diddle.

MFH and treble rebel are way over the top
on their dead figgers.

[FReepaholic]

...We had an oil platform wash in and got stuck under the Cockran-Africatown high-rise bridge here in Mobile Bay ...

I thought I read that this one was already in port for repairs and just broke loose from it's moorings.

[Trust but Verify]

I'm not going to flip out about this just on this report. There are thousands of these platforms in the gulf. If a couple hundred are out of commission, that is a small percentage. Plus, we are going to tap the reserve, so if we can refine it, we'll be fine.

Now if the LOOP or it's pipeline sustained serious damage, I'd freak out.