Rita Ashore...Amazing Destruction...Will She Stall? Will She Come Back to the Gulf?
Posted by Prof. Goose on September 24, 2005 - 1:07am
Topic: Supply/Production
We cover all things petroleum and peak oil here at TOD. There are important posts below this, including an important one by HO and Stuart's post on climate change and the intensity of hurricanes...and I encourage you to read both of these very important and timely pieces...right after HO's piece below, there's the CONSTANTLY UPDATED Rita resources page, which has all sorts of new maps, weather models, and especially the KAC/UCF damage predictions that were so correct last time (so many rigs on the E side of this storm, where the wind/surge will be incredible...and the refineries with a direct hit possible on Beaumont...). Other pieces are interspersed between all that and some very extensive petroleum/hurricane coverage, which covers about the next ten or so posts. Enjoy. And to all of you folks new to TOD, welcome. Pull up a chair and get ready to learn...



http://photos1.blogger.com/img/243/2888/640/comp_ivan_katrina2_sm.jpg
It shows shut-in jumping up againg because of Rita, before it had a chance of going down.
Most of the models then have the remnants of Rita heading southeast, south, or southwest back past already damaged areas. The flooding from such a track would be extremely bad.
We need to watch the media to make sure they don't declare everything is fine as soon as Rita moves inland. This could be a 2-4 day rain event in TX/LA after landfall.
So true. Perhaps we should create a contest and award for the story headline that is most out of touch with reality. We could call it the "Pollyanna Prize" -- in contrast to the Pulitzer.
"Water poured over a patched levee Friday, cascading into one of the city's lowest-lying neighborhoods and heightening fears that Hurricane Rita would re-flood this devastated city...
It's already happening!
(friend) called a few minutes ago; he's in a Cajun bar on Lake Charles,
near where he thinks Rita will make landfall. He's fine, expects to
continue that way, and asked me to let you all know that.
He said, and I quote verbatim, "This is going to be the worst one yet."
Rita's like 36 hours away, but the rain was already coming in sheets, and
near-horizontally. He's expecting serious flooding in that area, and major
problems with the refineries and chemical plants located there.
"Our worst fears came true," a National Guard official said. "The levee will breach if we keep on the path we are on right now."
http://www.msnbc.msn.com/id/9438536/
Now on to the questions, I have two windows up, one showing the map from rigzone with the rigs in Rita's way and the other is the live pic of Rita's movement from the front page. So at this time, Rita's winds are pounding the heart of the rigs and platforms in the gulf. It also looks like there are strong bands pounding the LOOP and Port Fourchand. If anyone can answer this question, I'd much apreciate it, How much force can those rigs take? Right now, Rita is hitting them with 140mph winds, heavy rain, and moving slowly at about 10 miles per hour. I guess the bigger question would be, How many of those rigs can survive under those conditions?
On a side note, does anyone here use the tool, google earth? I just downloaded it yesterday and it's giving me a better look at areas that will be affected, you can zoom in to about 200ft of street level, see the streets and highways, even get info like schools,stadiums,shopping centers etc. I also noticed some refineries in detail. It's too bad they don't include any rigs out at sea.
http://hurricane.methaz.org/hurapak/AAL182005_perf.html
http://euler.atmos.colostate.edu/~vigh/guidance/atlantic/early1.png
there's so much bad shit that could come down from this if it stalls out over Beaumont or Houston, or comes back out to the gulf, reforms, and goes SW down the IC.
all possibilities exist folks...that's what the models are saying.
http://static.flickr.com/27/45841347_94324b26d2_o.png
picture here
As for those who refuse to leave, Gov. Kathleen Blanco advised: "Perhaps they should write their Social Security numbers on their arms with indelible ink."
Even if the market think it's not going to be as bad as it first thought, it's still going to be quite bad.
Of course the price is going to go up after saturday, but it's hard to understand why it's hasn't gone up yesterday and today.
as for NG and gas, I have no clue. should be through the roof...but I guess they're expecting demand destruction from this too...catch 22.
On a happier note, maybe Greenspan will raise short-term interest rates again next week due to fears of inflation in the post-Rita economic environment. After all, GDP may rise dramatically repairing all the damage...
the PPT was supposedly disbanded after the panic from 9/11 subsided, but there have been numerous articles lately that it never did disband, and its continued manipulation of markets is posing a whole new batch of ethics questions for wall street ---as if wall street needed any more ethics problems.
here's a quote from the canadian outfit that did the investigation: 'the U.S. government has intervened to support the stock market so many times that "what apparently started as a stopgap measure may have morphed into a serious moral hazard situation, with market manipulation an endemic feature of the U.S. stock market.'"
oh, and i almost forgot that shining example of american capitalism, enron, and its manipulation of energy markets.
i hate to be such a gloomy bastard, but i dont trust any bigtime market to be much more than a scheme to manipulate and acquire money. the american "free market" is just one more fairy tale we have to outgrow before we can tear this system down and, hopefully, install a smaller, more responsive one in its place.
Does anyone have information on who the NYMEX crude market buyers/sellers are broken out by percentages?
The experts' explanation is probably "profit taking!"
ah, but i forgot my history, didn't i? history is littered with dead empires that got so fat they couldn't help devouring themselves.
but i think about "tinker, tailor, soldier, spy" and the captured spy's rant about america, delivered before he's shipped off to russia ---something about how america would trash the world in her death throes as she attempted to salvage her empire.
the book was written in the mid-70s, i think, and i wonder how le carre could have seen it coming...