Page added on September 3, 2005
There is additional information on the oil that will come from Europe and other sources. The loss in production, and from the oil imported through the LOOP is more than 2 mbd, and while the LOOP (Louisiana Offshore Oil Port) is operational, the situation down near where Katrina first came ashore is not that good. The Washington Post has described some of the problems. These are just the issues that affect the landward side of getting the oil ashore and back into the national pipelines.
The time that it will take to restore the overall production from the Gulf (as has been discussed earlier) is going to take many months. Rigs have moved, well casings are deformed. Platforms are adrift or moved. I mention these again since while the numbers reported on the very generous contributions from Europe sound large, at between 1 & 2 mbd replacement need, the 60 mbd of replaced production will only last between one and two months.
More after the jump at The Oil Drum.
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