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Hurricane Katrina's Impact on the U.S. Oil and Natural Gas Markets
Department of Energy: Energy Information Agency ^
| September 1, 2005
| Energy Information Agency
Posted on 09/02/2005 8:44:21 AM PDT by NYorkerInHouston
According to the Minerals Management Service (MMS), as of 11:30 Central Time September 1, Gulf of Mexico oil production was reduced by over 1.356 million barrels per day as a result of Hurricane Katrina, equivalent to 90.43 percent of daily Gulf of Mexico oil production (which is 1.5 million barrels per day). The MMS also reported that 7.866 billion cubic feet per day of natural gas production was shut in, equivalent to 78.66 percent of daily Gulf of Mexico natural gas production (which is 10 billion cubic feet per day).
Click here for the full analysis http://tonto.eia.doe.gov/oog/special/eia1_katrina.html
(Excerpt) Read more at tonto.eia.doe.gov ...
TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: doe; energy; gas; gasprices; katrina; oil
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To: dgallo51
How much demand for oil will there be IF the U.S. consumer slams their wallets in reaction for energy shock? When I start seeing Starbucks hurting because people won't pay $4 for a fancy coffee, or when they stop buying $2000 TV's, I will be more convinced there is a problem than just a bunch of complain that the average cost per mile has risen by 10~20%.
21
posted on
09/02/2005 10:46:53 AM PDT
by
thackney
(life is fragile, handle with prayer)
To: norraad
Modern gas heat is the best, any nay sayers are just jealous.It's a LOT cleaner. No soot. We've had both. Gas is definately better.
22
posted on
09/02/2005 10:49:48 AM PDT
by
Cobra64
To: Smokin' Joe
We would stick with our zone system of radiators. Nothing like it...
A_R
To: arkady_renko
If your state and local statutes permit, look into a coal-fired furnace. Retrofitting to control smoke/soot/particulates should cost
well under $1500, the equipment is simpler and will likely be cheaper to start, and the fuel is cheaper by at least one order of magnitude, although you may have to work a bit to find a reliably and conveniently available supply (depends where you live).
Best wishes!
24
posted on
09/02/2005 12:18:22 PM PDT
by
SAJ
To: NYorkerInHouston
Interesting. The hurricane kind of throws it off, but interesting.
My only concern is that the economy will start to slide before prices drop.
25
posted on
09/02/2005 1:30:25 PM PDT
by
redgolum
("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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