[Fishman]

This ole liberal is about to become a border-guarding nativist

Nice to have you aboard.

[jimmyz]

they just froze gas prices:

"The freeze on fuel and electricity prices is necessary to ensure that inflation does not hurt poor families"

[pana_burda]

Boy I am glad it is just a "potential" problem ...... for Mexico!

I just could NOT imagen myself of "another" such country, in which 80% of its hard currency comes stricktly from the same source, does not produce a thing for themselves yet its crude oil production is declining by the days, for mismanagement!

[wisconsin_cur]

Makes me feel more doomerish with every passing day. The stress is already high as I try to choose between a variety of things to do to prepare first. Build another shed? Buy an XD .45? Pay off debt? Buy a used tiller (I spade everything by hand now)?

Not enough time

Not enough time...

[FairMaiden]

The tar sands are planning to switch from NG to nuclear.

Canada has also developed a method to inject old wells with carbon dioxide to squeeze the last bit out of it AND mitigate Climate Change in the process...

Just to push PO back a *little* bit

[americandream]

$this->bbcode_second_pass_quote('pstarr', '')$this->bbcode_second_pass_quote('', '[')b]potentially undermining the nation's oil-dependent budget.

[Fishman]

they just froze gas prices:

"The freeze on fuel and electricity prices is necessary to ensure that inflation does not hurt poor families"

If this is true it garantees fuel shortages, can you say black market?

[NTBKtrader]

The "red man" is from Asia. Americandream, you also pasture on the Asian man, the Maori's land. Why don't you put your money where your mouth is.

[Gazzatrone]

Saw this on Bloomberg this morning as oil pushed past $93.
$this->bbcode_second_pass_quote('', '[')b]Crude Oil Rises to Record Above $93 as Mexico Idles Production
Oct. 29 (Bloomberg) -- Crude oil climbed above $93 a barrel for the first time, extending this month's gain to 16 percent, after Mexico shut a fifth of its production and the dollar fell to a record low.
State-owned Petroleos Mexicanos, the third-largest supplier of crude to the U.S., halted about 600,000 barrels a day of output as a storm in the Gulf of Mexico closed platforms, spokesman Carlos Ramirez said in Mexico City. The dollar dropped to $1.4426 per euro, the weakest since the introduction of the 13-nation common currency in 1999.

[pup55]

This is a continuation of the problems of a week or so ago where strong winds wrecked one of those offshore platforms, and killed a
lot of people.


Mexico's export business was shut completely down for a couple of days.

It will take about two weeks for the effects of this to make it into the weekly import figures, or at least that is the length of time it took for the effects of Hurricane Dean to be felt.

The conditions around the LOOP (Louisiana Offshore Oil Port) where about half of the imports come into the country, were pretty rough yesterday: 6 foot waves, and 30 mph winds, with gusts up to about 40.

I know I would hate to be sitting on top of 500 thousand barrels of a flammable liquid trying to offload it under those conditions.

This buoy is a little to the east of the LOOP

Buoy 42040

This morning, it is not much better: 19 knot winds (about 23 mph) and 9 foot waves.

[TheTurtle]

$this->bbcode_second_pass_quote('Gazzatrone', 'S')urely this has got to hurt deeper when trading opens in New York.

[Starvid]

$this->bbcode_second_pass_quote('TheTurtle', '')$this->bbcode_second_pass_quote('Gazzatrone', 'S')urely this has got to hurt deeper when trading opens in New York.

[Gazzatrone]

$this->bbcode_second_pass_quote('Starvid', '')$this->bbcode_second_pass_quote('TheTurtle', '')$this->bbcode_second_pass_quote('Gazzatrone', 'S')urely this has got to hurt deeper when trading opens in New York.

[DantesPeak]

There’s not much additional information on this PEMEX shutdown in the Mexican press. Something was lost in translation of this article (using Google), but apparently the weather yesterday was severe enough for PEMEX to remove workers from oil platforms.


$this->bbcode_second_pass_quote('', '1')0/29/07 EFE Mundo 01:02:00

Evil forces time to close wells in the Gulf of Mexico and to stop repairs

Mexico, October 28 (EFE) - A new cold front that looms over the Gulf of Mexico today forced to postpone the production of 200,000 barrels per day of crude oil to Petroleos Mexicanos (Pemex), and to stop repairs in a pot this week suffered an accident that left 21 dead.

The company reported in a press release that the progress of instability will make in the next few hours to close more wells which will increase daily production deferred from tomorrow by 400,000 barrels.

The new cold front number 5 forced in the last few hours to the company Pemex Exploration and Production (PEP) to withdraw personnel who was on the platform Usumacinta to repair the leak in the well Kab 101.

"It is noteworthy that during the time that these personnel were placed aboard a control valve, as well as connections to inject cement," he added Pemex.

[pup55]

Buoy 42002

This buoy is the closest NOAA buoy to Cantarell and has pretty much the same conditions found elsewhere in the Gulf: 20-30 mph winds, 8.5 foot waves, average wave period 6 seconds.

A pretty bumpy ride, I must say.

42005

Edit:

This one might be even closer, and it's even windier. Gusts up to 30 knots, that's 35 mph. The wave height measurer is down on this one, but it can't be good.

[DantesPeak]

$this->bbcode_second_pass_quote('pup55', '
')A pretty bumpy ride, I must say.

[pup55]

Slightly nicer down there today:

42002 (Southern GOM)

Wave height 8.5 feet, every 10 seconds, wind has died down to 17.5 knots

42055 (Bay of Campeche)

Wind 21.4 knots (about 25 mph). No wave height reports.

I am still not going to take my pontoon boat out into this, though.