jay_merrill
Vice Admiral
- Joined
- Dec 5, 2007
- Messages
- 5,653
We suffered a large oil spill in this Mississippi River yesterday morning, after a tug/barge collided with a ship. Four hundred thousand gallons of industrial fuel oil spilled in the river right in New Orleans!
I'm not sure what this will do to gasoline prices, because several refineries in the area receive crude via pipeline. There is an offshore terminal in Louisiana (LOOP), which receives oil and pipes it into a salt dome storage area (Clovelly Salt Domes), prior to movement to refineries. Prices of other commodities probably will be affected though, because the river will be shut down, all the way to the Gulf of Mexico, for at least several days.
http://www.nola.com/news/index.ssf/2008/07/oil_spill_shuts_down_80_miles.html
I'm not sure what this will do to gasoline prices, because several refineries in the area receive crude via pipeline. There is an offshore terminal in Louisiana (LOOP), which receives oil and pipes it into a salt dome storage area (Clovelly Salt Domes), prior to movement to refineries. Prices of other commodities probably will be affected though, because the river will be shut down, all the way to the Gulf of Mexico, for at least several days.
http://www.nola.com/news/index.ssf/2008/07/oil_spill_shuts_down_80_miles.html