All Gulf oil output shut down [View All]

[donsu]

http://www.nola.com/newslogs/tporleans/index.ssf?/mtlogs/nola_tporleans/archives/2005_09_29.html#083576


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The Minerals Management Service said Wednesday that its survey indicated that 100 percent of oil production in the Gulf is shut down as well as more than 80 percent of natural gas production.

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"We've never experienced the amount of damage to the rig fleet we've experienced from these two storms," said Tom Marsh, U.S. editor of the energy information firm, ODS-Petrodata.

Damage is not the only reason that production has stopped, or what the industry calls shut in.

Gary Strasburg, spokesman for the MMS, which is an agency of the U.S. Interior Department, said some production has stopped because of Federal Aviation Administration restrictions on overflights, which oil producers need to do to assess damage before sending crews out. Also, the oil industry is still attempting to locate its employees, and even when oil is produced, refineries and pipelines cannot always accept the oil.
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a lot of the floating rigs are missing and some have sunk or been beached

no money for xmas, new year's presents this year - all the money will have to go for heating, car, medical.

oh, the financial backs that will be broken.