According to the CW gasoline prices should have been falling this year.
Oh well, that’s what CW gets you.
UD: Maybe I should say political CW.
But for months after the storms, officials from government and industry repeatedly claimed that there were no “significant” spills in the Gulf. That line is still heard even now. Yet in May 2006, the U.S. Minerals Management Service published their offshore damage assessment: 113 platforms totally destroyed, and – more importantly – 457 pipelines damaged, 101 of those major lines with 10″ or larger diameter. At least 741,000 gallons were spilled from 124 reported sources (the Coast Guard calls anything over 100,000 gallons a “major” spill).
NEW ORLEANS – Minerals Management Service (MMS) today released an update of the assessment of damage to offshore oil and gas infrastructure caused by Hurricanes Katrina and Rita.
MMS Gulf of Mexico Regional Director Chris Oynes noted that “Today’s assessment of damage updates the assessment MMS released on January 19, 2006. Based on additional industry assessments, investigations, and reports, the number of pipelines damaged has risen to 457 from 183. The number of larger diameter pipelines (10 inches or greater) that were damaged has risen to 101 from 64. Thirty-two have returned to service versus the previous number of 22.” Table 1 and Table 2 list the major pipelines that were damaged.
MMS has also revised the number of platforms destroyed from 115 down to 113 (one well was mistaken for a platform and one platform was damaged not destroyed). Table 3 and Table 4 list the destroyed platforms. Of these 113, four replacement platforms have been proposed by the operators and approved by MMS to date. These replacement platforms will take the place of eight destroyed platforms with a pre-hurricane daily production of 16,700 barrels per day.
Contrary to somes assessments we have heard, Katrina dumped beau coup oil into the Gulf of Mexico.
They wouldn’t bump their asses when they land,
If we had drilled in ANWR ten years ago…
The pipeline proposal goes back to the 1990s, when the Taliban government held talks with California-based Unocal Corp. – and its U.S. government backer – while considering a competing bid by Argentina’s Bridas Corp. Those U.S.-Taliban talks broke down in August, 2001. India, which desperately needs natural gas imports to fuel its growth, later joined the revived project.
Why whatevah do you mean?
BAGHDAD — Four Western oil companies are in the final stages of negotiations this month on contracts that will return them to Iraq, 36 years after losing their oil concession to nationalization as Saddam Hussein rose to power.
This ought to drive the price of gasoline down to $2.50 toot sweet.
As I recall the President was surprised last winter that gasoline was projected to reach $4 and he was shocked!
As I recall the President had a rubber stamp Congress for six years and now they are shocked that Congress has failed to act.
In his second week in office George W. Bush created the task force, officially known as the National Energy Policy Development Group (NEPDG) with Dick Cheney as chairman. This group was supposed to develop an energy policy for the Bush administration. With both Bush and Cheney coming from the energy industry, which had contributed heavily to their campaign, and with the group proceeding in extreme secrecy, critics charged that the energy industry was exercising undue influence over national policy.
Congressmen Henry Waxman and John Dingell prompted the General Accounting Office (GAO), the investigative arm of Congress, to pursue Congress’s oversight authority. Eventually the GAO filed a lawsuit known as Walker v. Cheney against the administration. This represented a power struggle between the legislative and executive branches. Judge John D. Bates, a recent Bush appointee, dismissed the case but did not rule on the Executive Privilege issue.
Cable news seems to have deep buckets for carrying the administrations water on this.
“America must have an energy policy that plans for the future, but meets the needs of today. I believe we can develop our natural resources and protect our environment.”— President George W. Bush