Friday September 30, 2005 
Friday September 30, 2005
peakoil.com -> klfy.com :
The Minerals Management Service reports that all oil production in the Gulf of Mexico has temporarily ceased. M-M-S says its survey indicated that 100 percent of oil production in the Gulf is shut down as well as more than 80 percent of natural gas production.
The Gulf supplies 29 percent of the nation's oil and 21 percent of the gas.
See also :
1. Hurricane Rita causes record oil rig damage
2. Over 70% US Gulf oil production shut down
3. Katrina could trigger $100 oil
4. Floating oil rigs
(2005-09-30 13:28:58 SGT)
[Energy]
Permalink
Comments [1]
Post a Comment:
Comments are closed for this entry.
Most popular blog postings on lowem.log :
1. Singapore SIBOR rate falls to 0.94% in Nov 2008, lowest since Jul 2004
2. Baltic Dry Index falls 93% as shipping rates plunge, signalling global economic collapse
3. Singapore SIBOR rate falls to 1.31%, lowest since Nov 2004
4. Singapore SIBOR interest rates fall to 1.5%, lowest since Dec 2004
5. Live spot gold price quotes chart on COMEX
6. 2010 Honda Civic Hybrid preliminary specifications released
7. Fuel prices seen stoking Malaysia inflation in 2008
8. How to insert currency exchange rates into Google Spreadsheets
Featured articles on lowem.log :
1. ABC Guide to Beating Inflation in Singapore and Elsewhere
2. Singapore inflation rate hits new 26-year high of 7.5% in Apr 2008
3. Baltic Dry Index falls 93% as shipping rates plunge, signalling global economic collapse
4. 67000 China factories closed in H1 2008 as global economic collapse takes hold
5. 2010 Honda Civic Hybrid preliminary specifications released
6. Peakoiler buys 2008 Honda Civic Hybrid FD3
7. NYMEX crude oil recovers from $32.40 low after 2.2 mbpd OPEC production cut announced
8. Singapore SIBOR rate falls to 0.94% in Nov 2008, lowest since Jul 2004
| archives | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| search | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Custom Search
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| sponsored links | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| bookmarks | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
about
sites
blogroll
forums |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| navigation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| decals | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| powered by | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| hosted by | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The shut-in crude isn't too big of a problem at the moment. With refinery capacity off by what, 15%?, the demand for crude is down.
The danger is in the natural gas shut-in, combined with the natural gas processing facilities that are offline and the natural gas pipelines that are leaking.
We don't import much natural gas here, and over half of American homes are heated by natural gas. We're into autumn now and winter is on the way. The Oil & Gas Journal reports that Standard & Poor's chief economist thinks we have enough natural gas if the winter is mild, but "If we have a really bad winter, well, it could get pretty cold inside the house as well."
Posted by Doug on October 01, 2005 at 02:53 AM SGT #