[marko]

Seb, is your first language Japanese? If so, you must be congratulated for a perfect translation from French into English! Very impressive.
$this->bbcode_second_pass_quote('seb', 'O')n the positive side, I only see the end of the driving season BUT refineries will have to switch to produce heating oil quite soon.

[Leanan]

I think it will be a long time before we have info about underwater damage. They need to be able to get equipment and divers on site. And before the divers will be allowed the water, they will have to check for hazards, clear debris, etc.

[LadyRuby]

$this->bbcode_second_pass_quote('DantesPeak', 'O')cean Warwick aground:

[strider3700]

someone from loop was just on CNBC. They say there is no major damage, they have people on site and once they get their generators going again they expect to move some oil through the pipeline today.

So it's looking like oil will be coming in still. What we can do with it is still the question

[falser]

I'm very surprised they're bothering with it. Everyone knows this won't help in the short or long term, it's purely a political gesture.

[khebab]

Reuters$this->bbcode_second_pass_quote('', 'A')n oil refinery is submerged in water in Codin, Alabama, August 30, 2005.

[EnemyCombatant]

$this->bbcode_second_pass_quote('strider3700', 's')omeone from loop was just on CNBC. They say there is no major damage, they have people on site and once they get their generators going again they expect to move some oil through the pipeline today.
So it's looking like oil will be coming in still. What we can do with it is still the question

[khebab]

[DigitalCubano]

Actually I read a blurb on cnn.com yesterday that the LOOP weathered the storm just fine and is in operational condition (it was buried in one of their oil & gasoline price stories). I'll try to find the story and post the link.

[LadyRuby]

Check out this on oil drum: Oil Drum
$this->bbcode_second_pass_quote('', 'T')here are MANY production platform missing (as in not visible from the air). This means they have been totally lost. I am talking about 10's of platforms, not single digit numbers. Each platform can have from 4 to 100+ wells on it. Most larger ones have 20-30 wells in this area, with numerous caisson wells. They are on their sides, on the bottom of the gulf - they will likely be left as reef material, provided we can get permission. MMS regulations require us to plug each of the wells that were on these platforms - HUGE cost now, as the platforms are gone... Hopefully, MMS will grant `abandon in place' status for these wiped out structures.

[khebab]

from the rigzone:


( Shell's Mars TLP )

[Leanan]

$this->bbcode_second_pass_quote('', 'h')ttp://www.theoildrum.com/story/2005/8/31/83553/8973#more

[frankthetank]

I'll add this..thought it was interesting..from my local paper..
LINK
$this->bbcode_second_pass_quote('', 'g')ranted, it wasn't your average boat.
Obgartel works for a company that transports workers and equipment to oil rigs in the Gulf of Mexico. He is a 1965 graduate of Holmen High School who lives with his wife and grown children in Houma, La., and is a crew member of a jack-up boat, a massive structure with three steel legs that can lift the boat out of 170 feet of water. His particular rig is 194 feet long and 90 feet across, weighs a couple thousand tons and can hold 13 semitrailers on its deck like Hot Wheels.
He and the five other crew members returned from a job Friday with Katrina following across the gulf. They jacked the boat out of the water at a coastal town called Venice, 80 miles southeast of New Orleans at the tip of Louisiana. Two of the men left. Four stayed to ride out the hurricane on the boat, designed to withstand 150 mph winds.

[backstop]

Does anyone know what scale of refined fuels could be imported daily at other docks around the US, beside the LOOP ?
Would rather go against the grain of the "Energy Independence" piffle, but who'd give a damn.
Regards, Backstop

[gego]

http://www.urbansurvival.com/week.htm

Interesting description of the damage and of the crisis that is resulting from Katrina superimposed upon the current oil situation.

$this->bbcode_second_pass_quote('', ' ')Currently, about 95% of all Gulf of Mexico O&G production is shut-in and much of it will not be recoverable in the near-term. Though inventory of offshore and onshore damage in the wake of Hurricane Katrina is just begun, it is clear that the oil and gas industry in the Gulf of Mexico has suffered a severe blow.

[Teclo]

Has anyone seen this: Oil Drum
Says that dozens of rigs are missing... production will take years not months to recover
Teclo

[Jaymax]

$this->bbcode_second_pass_quote('khebab', 'f')rom the rigzone:

photo (Shell's Mars TLP )

[Leanan]

From AP:
$this->bbcode_second_pass_quote('', ' ')Oil refineries still shut down
(AP) - Eight Gulf of Mexico refineries remain shut and one is operating at a reduced rate while damage from Hurricane Katrina continues to be assessed by oil and gas companies.
Access to some of the refineries is difficult. Conditions at those locations are as follows:
_ Baton Rouge, La. - At nearly 394,000 barrels a day, one of the gulf's largest refinery owned by Exxon Mobil Corp. is running at a reduced capacity.
_ Pascagoula, Miss. - Chevron Corp.'s 325,000 barrel a day refinery remains shut. The company says access to the refinery remains difficult.
_ Norco, La. - Valero Energy Corp.'s St. Charles refinery is not likely to resume its 260,000 barrel a day operations for up to two weeks.
_ Garyville, La. - Marathon Oil Corp.'s 245,000 barrel a day refinery remains shut. Access is limited.
_ Belle Chasse, La. - ConocoPhillips' Alliance refinery remains shut while the company continues to assess damage to the 255,000 barrel a day facility.
_ Convent, La. -- Motiva Enterprises's 255,000 barrel a day facility sustained minimal damage.
_ Norco, La. - Access to Motiva Enterprises's 242,000 barrel a day refinery is limited, so damage still is being assessed.
_ Chalmette, La. - Exxon Mobil has not been able to visit the 183,000 barrel a day refinery, which shut down on Sunday.
_ Meraux, La. - The 125,000 barrel a day facility by Murphy Oil Corp. remains shut down as access remains limited.

[Jaymax]

$this->bbcode_second_pass_quote('', 'T')he Marathon Ashland Petroleum refinery in Catlettsburg has scaled back operations until the pipeline from the Louisiana coast goes back into operation, said Angelia Graves, spokeswoman for the company.
"We have a decrease in our supply of crude oil," Graves said Wednesday morning. "The refinery is continuing to run and continuing to produce products at this time."

[clv101]

US wholesale gasoline prices in the US have risen 50% and natural gas has risen over 25% over the last two days. Yet crude oil hasn't moved much.
Most of Gulf extraction is offline ~25% US production (~1.5mbpd) and 12% of US import (~1.4mbpd). Can this ~1.4mbpd be redirected to other US ports? It seems to me that US imports of oil might fall, effectively making more oil available to the rest of the world. Presumably there are super tankers on route to the LOOP at the moment which may not be able to be received. They'll have to turn around and head somewhere else.
Over the next month or so US oil imports could be ~1.4mbpd down, that's a lot of extra oil available. Bad news for the US but could be a bit of a breather for the international oil market.
(Mods feel free to add this to an existing thread if not deemed significant enough to stand alone.)