Skip to comments.U.S. Gulf oil producers shut output ahead of Storm Isaac
Posted on 08/26/2012 12:30:33 PM PDT by LorianneEdited on 08/26/2012 12:36:22 PM PDT by Admin Moderator. [history]
Oil and natural gas producers in the Gulf of Mexico on Saturday braced for the first hurricane to affect the U.S. oilpatch in 2012, which could spur shut-downs of nearly half of U.S. offshore oil output.
Tropical Storm Isaac's current track takes it to the east of U.S. offshore production facilities, with the U.S. National Hurricane Center forecasting it will reach hurricane strength on Sunday before making landfall on the Florida Panhandle late on Tuesday or early on Wednesday.
(Excerpt) Read more at cnbc.com ...
Marxists and Obama Sycophants are having a cow about this as this coupled with the explosion in South America will see oil futures jump on Monday.
As an evil capitalist profiteer all I can say is, “UNG booyah.” And thank god that Mayor Chocalate is out of office.
One of our boys is headig back in today.The rig pumped oil up until yesterday.It’s wise to get these folks off the rigs in this type of weather.
I can see where the refinery blast could make fuel futures rise, but don’t understand the oil futures comment?
Perfect gas price inflating storm.
Because the latest track on Issac takes it right along the refinery coast from New Orleans to Mobile and those ships that have raw crude onboard will have to wait up to a week before offloading. If you have mass power outages and storm surge the refineries might be off line for days or even weeks.
Just in time for the Democrat convention?
Gasoline will be $5.00 a gallon by Thursday.
I really, REALLY hope that the Pubbies will take a couple of locomotives on a trip through the major cities and explain that one of these beasts WILL NOT RUN on windmills....
Build the Pipeline!
Strip Clubs from Lake Charles to Belle Chasse experiencing uptick in business.