One third of America's oil supply comes from the New Orleans area

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  • dready
    Confirmed User
    • Oct 2002
    • 5247
    #1

    One third of America's oil supply comes from the New Orleans area

    This is going affect fuel prices big time.
    Last edited by dready; 08-28-2005, 07:35 AM.
    ICQ: 91139591
    Tags: None
    • dready
      Confirmed User
      • Oct 2002
      • 5247
      #2
      The price of oil went up $12 per barrel after hurricane Ivan.

      http://www.energybulletin.net/2875.html
      ICQ: 91139591

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        • galleryseek
          Confirmed User
          • Mar 2002
          • 8234
          #3
          this hurricane was created by the TERRORISTS!

            Comment

            • Pete-KT
              Workin With The Devil
              • Oct 2004
              • 51532
              #4
              only 20 of the 250 oil rigs outside of NO have stopped operations a few of them evacuated there workers but the rigs run themself

                Comment

                • KRL
                  Entrepreneur
                  • Oct 2002
                  • 31429
                  #5
                  Your info is innaccurate. The offshore wells only produce about 1.2 mil barrels a day. There are 4,000 well structures and 33,000 miles of pipelines in the Gulf region. Hurricane Ivan destroyed 7 offshore platforms and did major damage to 6 others. These structures are built for storms. The US produces about 8 to 9 million barrels per day. Our consumption is about 21 million barrels per day which equates to about 882 million gallons per day. So the entire gulf produces about 12% of our daily consumption needs, not 1/3rd.

                  Futures traders already had jacked the price up based on this storm entering the gulf.
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                    • dready
                      Confirmed User
                      • Oct 2002
                      • 5247
                      #6
                      Originally posted by KRL
                      Your info is innaccurate. The offshore wells only produce about 1.2 mil barrels a day. There are 4,000 well structures and 33,000 miles of pipelines in the Gulf region. Hurricane Ivan destroyed 7 offshore platforms and did major damage to 6 others. These structures are built for storms. The US produces about 8 to 9 million barrels per day. Our consumption is about 21 million barrels per day which equates to about 882 million gallons per day. So the entire gulf produces about 12% of our daily consumption needs, not 1/3rd.

                      Futures traders already had jacked the price up based on this storm entering the gulf.

                      Your stats may be more accurate... I was quoting what the governor of Louisianna just said on CNN. Yet that energybulletin.net article still points to the fact that Ivan was largely responsible for a $12 a barrel increase in price.
                      ICQ: 91139591

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                        • Furious_Male
                          Doing the grind since 99
                          • Oct 2003
                          • 16884
                          #7
                          Bottom line is the stock market is going to drop like a rock tomorrow morning regardless of whos stats are correct.
                          Living in Virtual Reality
                          Contact: Email (preferred): furiousmale .at. gmail - Skype: live:shanedws

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                            • directfiesta
                              Too lazy to set a custom title
                              • Oct 2002
                              • 30188
                              #8
                              I think that the US should " liberate " New Orleans and Louisiana....

                              After all, those are two " frenchie " names .....
                              I know that Asspimple is stoopid ... As he says, it is a FACT !

                              But I can't figure out how he can breathe or type , at the same time ....

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