Old graphic, but illustrates the locations of rigs and production platforms in the Gulf.
Note there is NO new drilling. Note also, the rigs south of the Mississippi Coast boast some the best fishing anywhere!
Only if 50 to 75 have serious damage, and many others have slight damage, is this bad news given the size of hurricane Ike. (It was the size of Texas.) If the damage is relatively slight, this is GOOD news, not BAD news.
But then, the AP was never very good at providing the context of the stories it was allegedly reporting.
Congressman Billybob
Tenth in the ten-part series, "The Owner's Manual (Part 10) -- The Remaining Amendments"
I am sure the Enviro Nazis and their supporters in both the GOP and DNC will try to use this to pass anti-American based Enviro laws....
As long as the drills and bits arent damaged, then things will be ok. Platforms are expensive but easier to replace
Given the mnagnitude of what's happening, that is funny.
So far, from the research I’ve done (I’ve been inhabiting the Hurricane threads), Ike is a storm that the oil industry should have been able to handle OK. Some platforms are certainly gone. Some pipelines damaged.
I’m not going to believe ANYTHING that the AP has to say about this until I find out what the INVESTORS AND SPECULATORS weigh in on Monday. They are a whole lot smarter than the dopey press.
The major concern I have about oil/gas is whether the electricity situation is going to affect them in a big way - that means, peripherally, that their workers need electric accommodations, too, not just the plant equipment.
There was a poster, who supplies the oil industry with products and services that he was getting calls to fly in material and people ASAP (they were going to need at least a 737 or larger (I would guess a 767), on one of the Hurricane Ike threads that mentioned he was getting calls from customers. One of the customers was much more shook up than ever, including times when refineries had experienced massive explosions.
Based on that, something VERY bad must have happened in the Gulf region relate to the oil business.