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Originally Posted by broke
The LOOP (Louisiana Offshore Oil Port) is the largest crude oil import terminal in the US. It processes over 1MIL barrels/day and accounts for 11% of all US imports.
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Over 30% of all US oil processing and drilling has been stopped, imagine what it will do to the oil market tomorrow.
This does not take anything away from the tragedy about to unfold in the gulf tomorrow, this was just a thread about oil production disruption.
I am affraid, we are about to witness the most destructive and deadly event in US history since 9/11.