Actually I get my oil-related info from the energy analyst sitting in the office next to mine. He says that currently 57% of Gulf oil is still shut in - including Mars, which is the biggie. Where do you get your info, and how does it differ?
The internet, of course.
how does it differ?
While production numbers are still down, platforms are coming back on line, as much as the naysayers and speculators hate to hear it.
From Shell, for example: "Production is now flowing and ramping up from all Shell-operated assets in the Western Gulf of Mexico that were shut in because of Hurricane Katrina. Production resumed from Auger, Brutus, Bullwinkle Cougar, Enchilada, North Padre Island and West Cameron 565. In the Eastern Gulf of Mexico, our Fairway asset and Yellowhammer Gas Processing Plant near Mobile Bay are operating normally. Shell's net GOM production from Shell-operated and outside-operated fields for the first half of 2005 averaged around 450 kboe/d. Currently, Shell's net GOM production has returned to approximately 160 kboe/d."
Some of the platforms directly in the storm's path do require some inspection and work, but the trend is headed the right direction, and the refineries should be able to get all of the crude they can handle.
Here are some numbers for you all from the DOE website:
Date Percent of GOM Oil Shut-in
September 7 57.37
September 8 60.12
An almost 3% of the total jump from Wednesday to Thursday. Which means that either something interesting is going on, or the numbers thus far aren't exactly reliable. (And about 2% jump from Tuesday).