$150-a-barrel crude prices, a $5.32 pump price for gas
-a certainty if we nuke Iran in March.

Teaching differs from simply broadcasting information in that the teacher must modify their behaviour, at some cost, to assist a naïve observer(my edit-me) to learn more quickly.
This is what Franks and Richardson found - follower ants would indeed find food faster when tandem running than when simply searching for it alone, but at the cost to the teacher (my edit-TOD) who would normally reach the food about four times faster if foraging alone.

Journal reference: Nature (DOI: 10.1038/439153a)

 Output fell to 4.01 million barrels of oil equivalent a day, 2.2 percent less than the 4.1 million reported in the year-earlier period, London-based BP said today in a statement. BP said it would cut more than 1,000 jobs in Europe to reduce costs.

The Texas City plant, the third-biggest refinery in the U.S., remains closed after a March explosion and damage from the storms and is a setback for BP at a time of high oil prices.

BP said fourth-quarter costs would include $130 million, partly to repair Thunder Horse (my edit-at least $110 m partly and TH doesn't get into the GOM until 07).

So BP's Texas City down, 3 refineries East of NO down along with Pascagoula and the heavy crude Valero plants can't process without hydrogen-the Airgas plant producing the Hydrogen destroyed outside NO.

That's 6 refineries down, still, or producing at much less than capacity.

Speaking of Thunder Horse...any word, even a rumor, of what the problem was?  BP is being very close-mouthed.  They said it wasn't the hurricane and it wasn't hull damage and it wasn't the computer-controlled ballast system.  Then what was it??
BP is being very close-mouthed-

I saw a short closely cropped video flash by on CNBC/Bloomberg.

If this was TH, the superstructure cranes were crushed into the decking.  BP said earlier that TH had suffered 10% damage.

That's how I came up with the $110 million pricetag-10% plus overage.

So many intelligent oil people out there.  So little info.

Conoco's 247,000 bpd Alliance refinery is not expected to restart until December or even January

Local environmental activists were alarmed that residents were even visiting the area. EPA tests of the air in mid-September had detected unsafe levels of benzene. "People shouldn't even have been given an option to go back in," says Wilma Subra, an environmental chemist in New Iberia, La., who has served on EPA advisory committees.

My information is that Thunder Horse had technical troubles with valves of its balast system, causing it to bend over out of balance. I can provide nice photo's of it.

Another concern was that it proved difficult to secure it to its anchors in the deepwater current.

Whats happening with Thunderhorse is an real time example of how EROI will impact the energy world going forward. Getting deep water oil has a higher energy cost to begin with - if companies start anticipating and including higher depreciation values on machinery, downtime, transportation, hurricanes, insurance etc - at what point to the majors say 'lets make oil from coal instead of gettind it from GOM deepwater'? EROI of 5-1, 3-1? Somewhere certainly...
(translation: a repeat of 2005 hurricane season in 2006 will cause large approvals of Fischer-Tropsh plants)