Hurricane Gustav, Landfall, Energy Infrastructure and Updated Damage Models

We have landfall. LOOP and Fourchon out for a while, not sure how long yet, depends on intensity, probably a couple of weeks.

Here’s Chuck’s final pre-landfall composite:

COMP ATCF Forecast Time: 2008090112

14 day: 8.21 MMBBL ( 52.36% normal), gas 63.50 BCF ( 65.91% normal)

30 day: 19.98 MMBBL ( 59.46% normal), gas 145.98 BCF ( 70.70% normal)

60 day: 43.01 MMBBL ( 64.00% normal), gas 304.43 BCF ( 73.73% normal)

90 day: 95.23 MMBBL ( 94.47% normal), gas 586.06 BCF ( 94.62% normal)

6 mon : 195.13 MMBBL ( 96.79% normal), gas 1205.43 BCF ( 97.31% normal)

1 year: 400.48 MMBBL ( 97.96% normal), gas 2478.60 BCF ( 98.67% normal)

Yes, that’s still 40% of oil offline for 30 days, and 30% of NG for 30 days will be offline.