<Two short items to note The Oil Drum I didn't know we had one . . . . . .>

79 comments on Monday Open Thread...

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louGrinzo on October 3, 2005 - 7:58pm Permalink | Subthread | Parent | Comments top
Graph of natural gas and oil shut-in percentage, by day:

http://www.grinzo.com/energy/graphics/shutin_10x3.jpg

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Dave Cohen on October 3, 2005 - 8:08pm Permalink | Subthread | Parent | Comments top
Thanks, Lou. Time to panic?

Check out this guest editorial in the NY Times today Gas Lite. The author David Bodanis seems to blame America's natural gas shortfall on historical decisions dating back the Fuel Use Act of 1978 and says the NG industry collapsed in the 1980's. I'm not buying it but I'd be interested on your take on this.
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Chris on October 3, 2005 - 9:06pm Permalink | Subthread | Parent | Comments top
Lou, thanks for the graph, very sobering, but for the ignorant among us, how much oil and natural gas is normally shut in during the course of the year and how much has been shut in during previous storms, etc? And is there a way to compare some of this to the North Sea (in other words, has the North Sea had similar events,etc.)?
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mw on October 3, 2005 - 9:59pm Permalink | Subthread | Parent | Comments top
The EIA maintains a daily (well, almost daily) update, in graph form, of shut-ins compared to Ivan last year:

http://tonto.eia.doe.gov/oog/special/eia1_katrina.html

Following Ivan, which had been a significant storm causing a lot of underwater damage, production by now was 2/3's restored (oil) and even more NG was restored by then.

Except for periods following an event (Ivan took quite a while to get back to normal) there is very little shut-in.

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79 comments on Monday Open Thread...

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