There's a Storm Coming
Well this could be just awful.
Energy companies on Wednesday braced for the worst storm to threaten the U.S. Gulf of Mexico oilpatch since 2005's devastating hurricanes as Tropical Storm Gustav churned toward the heart of U.S. offshore production.
No company had reported output cuts as they began evacuating staff from offshore oil and natural gas platforms, but Shell Oil Co, which has the largest offshore operations, said it may begin shutting output as early as Thursday while it works to evacuate all of its 1,300 Gulf workers by Saturday.
Gustav is expected to morph into a powerful hurricane as it gains strength from the Gulf's warm waters, and about 85 percent of U.S. offshore oil and gas production could be in its path.
By midday Wednesday, weather forecasters were saying the storm could, as did Katrina and Rita, become a catastrophic category 5 hurricane with winds over 155 mph (249 kph) as it crosses the Gulf, which provides a quarter of U.S. crude oil production and 15 percent of the nation's natural gas output.
"We do believe Gustav is going to emerge into the Gulf as a major hurricane, category 3 or better," said AccuWeather Inc Forecasting Director Ken Reeves. "It has a chance for a brief period to be a category 5."
"Whether or not it can produce the same amount of damage as Katrina or Rita remains to be seen," Reeves said.
In addition to devastating the Louisiana coast, including the city of New Orleans, Katrina and Rita shut 25 percent of U.S. oil and fuel production. Gulf energy companies needed months to restore operations close to their full capacity.
This was a business article so the focus was on the oil offshore (hey, I thought Republicans told us that not a drop of oil was spilled during Katrina?), but it's already hitting Jamaica and could be on the way toward New Orleans.
If anything the federal government is even more tattered and incompetent now than in 2005, if only because of a massive case of senioritis. It ought to be recalled where John McCain spent his birthday that year, on the very day that Katrina hit.
But for now, light a candle for the residents of the Gulf Coast.
Labels: George W. Bush, Hurricane Katrina, John McCain, natural disasters, offshore drilling
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