Demand is dropping; 1/2 of Lousiana isn't driving; and imports are arriving, is all I can think of.

None of these factors are long term... demand will bottom out - can't actually reverse without the ultimate peak oil aid, a recession or depression, occuring.

From today's DOE Office of Energy of Reliability situation report (one has to wonder what would happen if another storme cruised through the area... one possible storm track - NOAA Tropical Weather Outlook reports its getting better organized. http://www.nhc.noaa.gov/ )

Rigs/Platforms:
There are reports that as many as 18 GOM rigs and 40 platforms may be missing, damaged and/or detached from their moorings. We will attempt to gain further clarity in the next situation report.

Refineries:
100% (1.7m bbl/day) out in Port Arthur/Lake Charles Almost 1M (50% approx) out in Houston area.

Entergy reports that all transmission lines to the major industrial loads (7 refineries) in the Lake Charles - Port Arthur area have extensive damage. Restoration of electricity to these refineries is a priority for the company. [but no estimates]

Gas:
read the report - significant outages persist.

Total shut down including Katrina related: 3.575m bbl/day.

PDF: http://www.electricity.doe.gov/documents/gulfcoast_report_092805.pdf

crude-wise, the track I would worry about, if it comes to pass, is the one that goes right over Cantarell.
Last storm that passed over Mexico appeared to do little damage - I guess the big land mass it has to cross does the region a favour. Either way, distruption of production = disruption of exports at best.
Today's MMS report - virutally no change, still almost 100%/80% shut in on oil/ng.

From the latest Office of Energy Reliability report:

  • According to MMS s review of the evacuations, 35 platforms are destroyed while 16 platforms have extensive damage. Thirteen rigs went adrift, of which six are now grounded, and nine others have reported problems. The remainder are being re-manned, re-powered, or repaired. Approximately 2,900 platforms were in the path of Katrina and Rita. Eighteen deepwater facilities report no significant damage.
  • According to BP, the company expects gas production will begin at NaKika and Marlin platforms within the next few days. Three BP single-well caissons on the shelf were reported to be leaning. However, these wells were temporarily abandoned prior to the approach of the hurricanes, and hence have no production impact.

Last statement sounds odd.

  • ANR gas pipeline: 20 percent of capacity with reduced supply. Still on Force Majeure; approximately 1.3 Bcf shut-in.
  • Sabine: Force Majeure continues in effect at all points on the Sabine system. Power remains out in most areas of the system. Efforts are underway to remove standing water from Sabine's Henry facilities.

There is quite a bit more detail on the NG situation in today's report.

http://electricity.doe.gov/documents/gulfcoast_report_092905.pdf