Posted on 08/29/2005 3:19:39 PM PDT by SmithL
At least eight Gulf Coast refineries in the path of Hurricane Katrina shut down or reduced operations by Monday, according to company and U.S. Department of Energy reports. The eight represent about 2.3 million barrels of daily refining capacity.
In the Gulf, reports from the Mineral Management Services showed crude oil production down about 91 percent, or 1.37 million barrels. The Gulf also lost about 82 percent of daily natural gas production, according to the assessment released midday.
Damage appears to be minimal, but Bob Slaughter, president of the National Petrochemical and Refiners Association in Washington, said even that assessment could be premature. He said Katrina appeared to be more damaging than Hurricane Ivan which struck a similar path last fall.
(Excerpt) Read more at sfgate.com ...
They'll be up and pumping by tomorrow, if not already. Time down means dollars down the drain for the big oil companies. All the doom and gloom was just a ruse to get the price up even further.
We didn't so much as drive out of the driveway the whole weekend. We did our part to conserve, so how about lower the price at the pump?
Imagine how much less we'd need if there were no illegal aliens. More illegals. Greater demand. Higher prices.
No, it's Cheney's fault! He did it so he could jack the price up even higher and make more and more profit! So says the du. </ end sarcasm>
We can only blame the Democratic Party and RINOs who want to protect our environment over our national and economic security. I hate for change to happen in this manner, but a shock to the current system may put us on a new track. It is absurb to have all of the oil to be self sufficient and we cannot drill for it. Instead we rely on sources from the craziest places in the world.
August 29, 2005
Secretary of Energy Samuel W. Bodman today released the following statement:
"First of all, on behalf of myself and the entire Department of Energy family, I wish to extend our thoughts and prayers to those people affected by this terrible storm.
"As with any natural disaster, the first priority is human health and safety. Restoring electricity and fuel, and doing so safely, is a priority. We began working with the Federal Energy Management Administration and other sister agencies on contingency planning before the storm came ashore, and we will work with state and local authorities to assist with the restoration of normal energy services.
"Looking at the broader impacts on the nation, we are mindful that the affected region contributes a significant amount of our oil, gas, and refined product supply. As we assess damage, we will take the appropriate response.
"The administration has been clear that the Strategic Petroleum Reserve is a national security asset that can be used to protect American consumers and our economy in the event of a major supply disruption, including natural disasters.
"Beginning last week, we have been in close contact with our federal partners, site managers at various locations of the Strategic Petroleum Reserve, and companies that operate oil refineries to prepare for any disruption in oil production.
"As we experienced with Hurricane Ivan in 2004, the Strategic Petroleum Reserve can be used to lend petroleum to refineries if they experience shortages and are therefore unable to maintain their production. Should circumstances warrant, the President also can direct that petroleum be withdrawn from the SPR and sold.
"Over the next few days, we will continue to gain more information on the specific needs and then be able to make a better determination on how we can help."
http://www.energy.gov/engine/content.do?PUBLIC_ID=18601&BT_CODE=PR_PRESSRELEASES&TT_CODE=PRESSRELEASE
Nothing you said is wrong. The problem is it's no longer just a rational policy issue, it's politicians from both parties at odds with solutions while the pubic remains quiet without comment.
I hope you are happy with yourself. You are TOTALLY CORRECT which means you are thinking outside the box, which is not acceptable with Democrats.
"It is absurb to have all of the oil to be self sufficient and we cannot drill for it. Instead we rely on sources from the craziest places in the world."
Shhh! What are you trying to do? Disrupt the Military Industrial Complex? Back to your Padded Cell, now! It is YOU who are the crazy one. /SARCASM :)
Hey, slacker - you have been around enough to know that if you are blaming Cheney for something you must also use the word 'Halliburton'.
Some great examples over at the www.DUmmies-Are-Us.com web site.
:)
LVM
Halliburton doesn't own oil or gas production. Neither does that French company Schlumberger.
du doesn't care. Facts are meaningless to them. :)
LOL. One nano-second after I posted that one, I realized I forgot to add Halliburton!
Thanks for that. A lot of panic around here about gas prices, and as a guy who pays for 350 miles worth of gas a day (I'm a courier) I'm tempted to indulge in it myself.
If oil from the Strategic Reserve can be refined (not clear on that yet), avoiding a major disruption in supply, no one would be happier than me.
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