The MMS numbers illustrate the problem [UPDATED 9/23]
Posted by Prof. Goose on September 23, 2005 - 10:45am
http://www.mms.gov/ooc/press/2005/press0923.htm (snippets under the fold)
Technorati Tags: peak oil, oil, Rita, Hurricane Rita, gas prices
These evacuations are equivalent to 77.41% of 819 manned platforms and 67.16% of 134 rigs currently operating in the Gulf of Mexico (GOM).
Today’s shut-in oil production is 1,486,877 BOPD. This shut-in oil production is equivalent to 99.125% of the daily oil production in the GOM, which is currently approximately 1.5 million BOPD.
Today’s shut-in gas production is 7.204 BCFPD. This shut-in gas production is equivalent to 72.04% of the daily gas production in the GOM, which is currently approximately 10 BCFPD.
The cumulative shut-in oil production for the period 8/26/05-9/23/05 is 30,280,661 bbls, which is equivalent to 5.531 % of the yearly production of oil in the GOM (approximately 547.5 million barrels).
The cumulative shut-in gas production 8/26/05-9/23/05 is 140.502 BCF, which is equivalent to 3.49% of the yearly production of gas in the GOM (approximately 3.65 TCF).
If I put an envelope or other straight line on my screen on this (java based) multi-image animation of Rita, it looks like its not turned north yet, as they expect... the closer it gets, the less a turn will matter.
Currently energy markets are weaker on expectations that Galveston will be spared (but other areas hit, go figure) -- this may not be the case. 11am briefing from NOAA may tell the tale here soon.
Get your envelopes out folks:
http://www.ssd.noaa.gov/PS/TROP/DATA/RT/float-ir4-loop.html
These evacuations are equivalent to 77.41% of 819 manned platforms and 67.16% of 134 rigs currently operating in the Gulf of Mexico (GOM).
Today's shut-in oil production is 1,486,877 BOPD. This shut-in oil production is equivalent to 99.125% of the daily oil production in the GOM, which is currently approximately 1.5 million BOPD.
Today's shut-in gas production is 7.204 BCFPD. This shut-in gas production is equivalent to 72.04% of the daily gas production in the GOM, which is currently approximately 10 BCFPD.
http://www.mms.gov/ooc/press/2005/press0923.htm