Re: Gas Prices After Katrina
Katrina hammered Fourchon and Cameron. About 80% of all rigs in the area are serviced out of Foruchon.<br /><br />Even if the rigs survived, they wont be able to service them for a while.<br /><br />But current production comes from platforms. Read more:<br />"Hurricane Katrina forced operators to shut in over a million barrels of oil per day, according to the MMS. A total of nearly 2,800 platforms, more than 500 of them manned, were within the areas affected by the storm. Of those platforms, about 1,100 of them were within the direct path of the hurricane where they experienced hurricane force winds in excess of 74 miles per hour. <br /><br />ChevronTexaco was the operator most heavily impacted by the passing of Hurricane Katrina, with more then 160 platforms facing hurricane force winds, and another 230 platforms exposed to tropical storm force winds."<br /><br /><br />In my opinion, there is little chance these platforms survived the 160 mph winds and 100 ft waves. Ivan was much less powerful and did long lasting damage.<br /><br />Ken
