I think this is the beginnings of an economy based on perpetual growth and fossil fuel energy running headlong into geological energy constraints. Basically I see an undulatory downward path for the rest of my life. From here out, I think any rallies in our economic condition are going to be met with spiking commodity prices that knock us right back down.
Joined: Apr 05, 2005 Posts: 2579 Location: South of Atlanta
Posted: Sat Aug 27, 2005 2:06 pm Post subject: Katrina - Oil Infrastructure
Check the link, LOOP LLC homepage, says that as of noon Marine Operations have been suspeneded. This could be a big deal or not.
Says pipeline deliveries are still up, I wonder what the effects would be if that infrastructure gets damaged at all? Link
Last edited by AirlinePilot on Sat Aug 27, 2005 2:46 pm; edited 1 time in total
Posted: Sat Aug 27, 2005 2:30 pm Post subject: Re: LOOP suspends Marine Operations
From LOOP site:
Quote:
(Louisiana Offshore Oil Port) was organized in 1972 as a Delaware corporation and converted to a limited liability company in 1996. Ashland Inc., Marathon Ashland Pipe Line LLC, Murphy Oil Corporation, and Shell Oil Company are LOOP's owners.
The port facility is located in the Gulf of Mexico, eighteen miles south of Grand Isle, Louisiana, in 110 feet of water. LOOP is the only port in the U.S. capable of offloading deep draft tankers known as Ultra Large Crude Carriers (ULCC) and Very Large Crude Carriers (VLCC). Along with offloading crude from VLCC’s, LOOP also offloads smaller tankers.
The port consists of three single-point mooring buoys used for the offloading of crude tankers and a marine terminal consisting of a two-level pumping platform and a three-level control platform. The onshore oil storage facility, twenty-five miles inland (the “Clovelly facility”), is connected to the port complex by a 48-inch diameter pipeline. It provides interim storage for crude oil before it is delivered via connecting pipelines to refineries on the Gulf Coast and in the Midwest.
The oil is stored in eight underground caverns leached out of a naturally occurring salt dome. The caverns are capable of storing approximately 48 million barrels of crude oil (a barrel of oil is equal to 42 U.S. gallons). In 1996, one cavern was dedicated to the MARS stream coming in from the deepwater Gulf of Mexico. The MARS crude oil system uses the same distribution system used by the foreign barrels.
Four pipelines connect the onshore storage facility to refineries in Louisiana and along the Gulf Coast. LOOP also operates the 53-mile, 48-inch LOCAP pipeline that connects LOOP to CAPLINE at St. James, Louisiana. CAPLINE is a 40-inch pipeline that transports crude oil to several Midwest refineries.
LOOP is connected to over 50 percent of the U.S. refinery capacity and has offloaded over 6 billion barrels of foreign crude oil since it's inception.
THE HISTORY OF THE STANDARD OIL COMPANY
what he knew pretty well before, that the promise to give or take away a heavy freight traffic was enough to persuade any railroad king of the day to break the most solemn compact.
With all these reflections fresh in mind, Mr. Rockefeller again bent over a map of the refining interests of the United States. Here was the world he sighed to conquer. If we may suppose him to have begun his campaign as a great general with whom he has many traits in common-the First Napoleon-used to begin his, by studding a map with red-headed pegs marking the points he must capture, Mr. Rockefeller's chart would have shown in and around Boston perhaps three pegs, representing a crude capacity of 3,500 barrels; in and around New York fifteen pegs, a capacity of 9,790 barrels; in and around Philadelphia twelve pegs, a capacity of 2,061 barrels; in Pittsburg twenty-two pegs, a capacity of 6,090 barrels; on the creek twenty-seven pegs, a capacity of 9,231 barrels.* His work was to get control of this multitude of red pegs and to fly above them the flag of what the irreverent can the "holy blue barrel." '
' -*Some time in the summer of 1874., after it had become certain that Colonel Potts's plan for an equalisation of oil freights would be carried out, Mr. Rockefeller wrote to his former colleague in the South Improvement Company, W. G. Warden, of Philadelphia, telling him he wanted to talk over the condition of the oil business with him, and inviting him to bring Charles Lockhart, of Pittsburg, to that Mecca of American schemers, Saratoga, for a conference with him and Mr. Flagler. Mr. Warden hesitated. He had been much abused for his relation with the South Improvement Company. He had seen the National Refiners' Association fail. He had begun to feel a distaste for combination. Besides, he
* These figures are from Henry's "Early and Later History of Petroleum," published in 1873.
*The barrels of the Standard Oil Company are painted blue.
Joined: Apr 05, 2005 Posts: 2579 Location: South of Atlanta
Posted: Sun Aug 28, 2005 10:51 am Post subject: Re: LOOP suspends Marine Operations
One of the weather channel guys just put out that anything in this Hurricanes path is going to get taken out. I fear that the LOOP is going to basically be destroyed. Any commnets on what that means??? let alone any of the rigs in this things way. My bet is Thunder dud will be at the bottom by tuesday.
Joined: Apr 05, 2005 Posts: 2579 Location: South of Atlanta
Posted: Sun Aug 28, 2005 1:35 pm Post subject: Re: LOOP suspends Marine Operations
I agree, I just can only hope for the best. With the small storms of Dennis and Emily came shortages and increased prices, this one is going to cause a MAJOR DISRUPTION. We are in Deep doo doo, not just the folks down there, but everyone.
Posted: Mon Aug 29, 2005 7:22 am Post subject: Re: LOOP suspends Marine Operations
AirlinePilot wrote:
One of the weather channel guys just put out that anything in this Hurricanes path is going to get taken out. I fear that the LOOP is going to basically be destroyed. Any commnets on what that means??? .
the end of $2.50 a gallon. Hello $5 and shortages until at least fall when things will get decidely shaky.
Posted: Mon Aug 29, 2005 11:02 am Post subject: Re: LOOP suspends Marine Operations
Allow me to make an analogy. Presuming you had oil heating in your home, the storage tank and distribution lines of which were underground and embedded in the floor etc...
Naturally there is a large fill valve sticking up where the delivery truck fills your tank.
I will simply take this sledgehammer here... (writes KATRINA on side of sledge) and
BASH! BASH! BASH! CLANG! BASH!
OK, have a nice winter... I am sure someone will be able to get that valve fixed in a few months... _________________ I Have and will continue to vote against ANY politician who supports the various bailouts. Curse you for selling out our future for status quo now!
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