[BabyPeanut]

Wiki History
$this->bbcode_second_pass_quote('', 'T')HE HISTORY OF THE STANDARD OIL COMPANY
what he knew pretty well before, that the promise to give or take away a heavy freight traffic was enough to persuade any railroad king of the day to break the most solemn compact.
With all these reflections fresh in mind, Mr. Rockefeller again bent over a map of the refining interests of the United States. Here was the world he sighed to conquer. If we may suppose him to have begun his campaign as a great general with whom he has many traits in common-the First Napoleon-used to begin his, by studding a map with red-headed pegs marking the points he must capture, Mr. Rockefeller's chart would have shown in and around Boston perhaps three pegs, representing a crude capacity of 3,500 barrels; in and around New York fifteen pegs, a capacity of 9,790 barrels; in and around Philadelphia twelve pegs, a capacity of 2,061 barrels; in Pittsburg twenty-two pegs, a capacity of 6,090 barrels; on the creek twenty-seven pegs, a capacity of 9,231 barrels.* His work was to get control of this multitude of red pegs and to fly above them the flag of what the irreverent can the "holy blue barrel." '

' -*Some time in the summer of 1874., after it had become certain that Colonel Potts's plan for an equalisation of oil freights would be carried out, Mr. Rockefeller wrote to his former colleague in the South Improvement Company, W. G. Warden, of Philadelphia, telling him he wanted to talk over the condition of the oil business with him, and inviting him to bring Charles Lockhart, of Pittsburg, to that Mecca of American schemers, Saratoga, for a conference with him and Mr. Flagler. Mr. Warden hesitated. He had been much abused for his relation with the South Improvement Company. He had seen the National Refiners' Association fail. He had begun to feel a distaste for combination. Besides, he
* These figures are from Henry's "Early and Later History of Petroleum," published in 1873.
*The barrels of the Standard Oil Company are painted blue.

[AirlinePilot]

One of the weather channel guys just put out that anything in this Hurricanes path is going to get taken out. I fear that the LOOP is going to basically be destroyed. Any commnets on what that means??? let alone any of the rigs in this things way. My bet is Thunder dud will be at the bottom by tuesday.

[Ming]

Comments?
This is a true disaster.
There is little else to say...

[AirlinePilot]

I agree, I just can only hope for the best. With the small storms of Dennis and Emily came shortages and increased prices, this one is going to cause a MAJOR DISRUPTION. We are in Deep doo doo, not just the folks down there, but everyone.

[frankthetank]

Loop pumps crude north...

Photo

[BabyPeanut]

$this->bbcode_second_pass_quote('AirlinePilot', 'C')heck the link, LOOP LLC homepage, says that as of noon Marine Operations have been suspeneded. This could be a big deal or not.

Says pipeline deliveries are still up, I wonder what the effects would be if that infrastructure gets damaged at all?

http://www.loopllc.com/f1.cfm?n=1

[savethehumans]

Re-look at LOOP's location. Now, look at this:
Loop

[KevO]

$this->bbcode_second_pass_quote('AirlinePilot', 'O')ne of the weather channel guys just put out that anything in this Hurricanes path is going to get taken out. I fear that the LOOP is going to basically be destroyed. Any commnets on what that means??? .

[oli]

You guys are talking as if the LOOP is above surface, not just a valve leading down to sub-seafloor storage caverns.

How far off the mark am I?

[gnm]

Allow me to make an analogy. Presuming you had oil heating in your home, the storage tank and distribution lines of which were underground and embedded in the floor etc...
Naturally there is a large fill valve sticking up where the delivery truck fills your tank.
I will simply take this sledgehammer here... (writes KATRINA on side of sledge) and
BASH! BASH! BASH! CLANG! BASH!
OK, have a nice winter... I am sure someone will be able to get that valve fixed in a few months...

[richardmmm]

Do you think we can have a thread for people to post specifically any reports, pics details etc. of Kartina damage to Oil infrastructre.
Pics of blown out windows and people on the roof give an idea of the ferocity of the storm, but the most pertinent thing right now is to collate all the information that starts coming in about specific oil related damage, repair time, specific loss of production and down time of facilities, refineries, platforms, pipelines, ports etc.

Having a thread that does this without a lot of other details and all kinds of gossip and debate would really help everyone make their own research and assessments.
After Ivan hit the Caymans last year, because it is such a huge banking and financial centre the local government there kept most of the details in the press under wraps and down played the damage, even refusing the press entry to the islands. I get the idea that a similar thing is going on now, oil prices are high and no one wants to see them going any higher, whatever the adgenda might have been so far, it is getting beyond a joke.
So I think that whatever info we can pool together is going be be real helpful in having a clear picture of what is going on.

[jimmydean]

$this->bbcode_second_pass_quote('', 'R')oyal Dutch Shell said an aerial inspection of its Mars platform indicated some damage to its upper deck. Two of the oil giant's drilling rigs were adrift.
Ensco International Inc said the towline parted on its deepwater rig, leaving it adrift.
"Drifting rigs are an ominous sign for an already panicky market since moorings and anchors can potentially be dragged by drifting facilities and do damage to subsea pipes," said analysts at J.P. Morgan.

[EnemyCombatant]

Well, here's Ruppert's take on it:
$this->bbcode_second_pass_quote('', '[')This is even before the hurricane has done any significant damage to oil infrastructure. This loss is due only to evacuations. Whatever damage is done by the storm itself may, in some cases, take a year or longer to repair. God knows how many billions that will cost or whether repair crews will even be able to get to key locations. By that time the US economy will have imploded.
I'm going out on a short, sturdy limb here. Oil prices will break the $80 mark within a week. That could turn out to have been an understatement.
Katrina's landfall on August 29, 2005 may well be remembered as the beginning of the collapse of the American Empire. It could also be remembered by future generations as the day that Mother Earth declared full-scale war on the human race. - MCR]

[Pops]

A graphic of platforms and pipelines fro LA Times HERE

[Leanan]

From MSNBC: a map of rigs and refineries, and Katrina's path:


They also said gas prices have jumped:
$this->bbcode_second_pass_quote('', 'I')n wholesale markets on the Gulf Coast, some gasoline was being priced as high as $2.85 a gallon and in the Midwest, prices were as high as $2.65 a gallon, Kloza said. Retail costs are typically 60 cents higher, meaning motorists in these regions could very well see pump prices exceed $3 a gallon.

[Jaymax]

Pascagoula refinery is just down the coast from Gulfport, and looks very pretty at night, looking out over the open waters of the gulf and all...
Pascagoula refinery (325,000 barrels per day):
link Source

Pascagoula:
Sun Herald

Chevron, however, says it's too early to know the extent of the damage...
I figure maybe the executives need a few days to shift their investments into refined product futures? How hard can it be to take a photo of mangled steel from the water?

[Yavicleus]

Katrina
Large Map of Katrina's Path
From today's CNN: Money.CNN
$this->bbcode_second_pass_quote('', 'T')he storm forced eight refineries in southeast Louisiana to shut, and two others to reduce operations, disabling more than nine percent of U.S. refining capacity.

[Leanan]

Thunder Horse survived: Forbes
BP says all their rigs look like they're in good shape. They did spot someone else's adrift, though:
$this->bbcode_second_pass_quote('', ' ')During the aerial check, BP discovered a drilling rig adrift near its Holstein platform, said the spokesman.
'It is not BP's rig. We just spotted it,' he said.
The rig, ENSCO 7500, is believed to be owned by Texas-based contractor ENSCO International Inc.

[Tyler_JC]

$this->bbcode_second_pass_quote('Yavicleus', ' ') Link
Katrina Path Map

[tsakach]

"Port Fourchon, Louisiana, the base for three-quarters of support services to the Gulf's deepwater oil and gas facilities and the land base for the offshore oil port, is shut because of the storm, Port Director Ted Falgout said in an interview.
"We have just got to the head of the port,'' Falgout said. "We have yet to enter because there are several large vessels on the highway in the port itself.''
More than 600 offshore platforms are within 40 miles of Port Fourchon, according to the port's Web site.
"It's going to be extremely difficult to supply and repair platforms if the port is closed,'' Falgout said. ``The nearest alternative location for logistics is Venice, Louisiana, which was totally destroyed.''
Repairs to Gulf platforms and pipelines damaged by Hurricane Katrina will be delayed if the storm deposited silt in the port's channel, Falgout said."
Bloomburg

Dow Jones Newswire:
"The major onshore port at Port Fourchon, also escaped major damage, according to Dow Jones NewsWires. The port is the base for oil service operations for oil rigs in the Gulf.
However, the channel leading to the port may have suffered severe silting from the storm surge. Dredging the channel could take weeks or longer. There could be a "very large impact to the energy supply," if the port can't reopen, port manager Ted Falgout told CNBC.
The Henry Hub, the junction of several pipelines in central Louisiana that serves as the pricing point for natural gas, reopened Monday afternoon. The condition of pipelines leading to the Henry Hub from the coast is not known."