Update [2005-9-27 1:41:53 by Prof. Goose]:Here's today's document (change the number in the date for tomorrow...http://www.electricity.doe.gov/documents/gulfcoast_report_092605.pdf

Browse through this interesting pdf from the DOE that the MSM seems to completely miss the point of...it lays out explicitly refinery damage, oil shut in, and other interesting energy stats (found this at peakoil.com)

100% of GOM oil out (and look at the percentage figures for the past month below), 20% of the country's refineries down, NG Henry Hub down, lots of lives displaced, things feeling amok...in a nutshell, virtually 3/4 of the script for the 'Oil Storm' is playing out, and prices go down...must be one hell of a recession looming one wonders...

just to make the point:

Date         Percent of GOM Oil Shut-in Percent of GOM Gas Shut-in
==================
August 30    95.20                      87.99
August 31    91.45                      83.46
September 1  90.43                      78.66
September 2  88.53                      72.48
September 3  78.98                      57.80
September 4  No data reported No data reported
September 5  69.57                      54.13
September 6  58.02                      41.06
September 7  57.37                      40.36
September 8  60.12                      40.20
September 9  59.88                      38.29
September 10 59.84                      38.21
September 11 No data reported No data reported
September 12 57.38                      37.84
September 13 56.45                      37.20
September 14 56.25                      35.18
September 15 56.14                      34.11
September 16 56.06                      33.84
September 19 55.84                      33.75
September 20 58.49                      34.82
September 21 73.16                      47.13
September 22 91.93                      65.95
September 23 99.13                      72.04
September 24 100                        74.88
September 25 100                        80.47
Update [2005-9-27 0:28:18 by Prof. Goose]:September 26 100                        78.43

Update [2005-9-28 0:28:18 by Prof. Goose]:September 27 100                        78.56

I'll say this the easy way: WTF?

(perspective: The GOMEX produces 1.5 MBOPD (oil) and 10 BCFPD (NG). Overall US consumption is 20ish MBOPD for oil and 62.4 BCFPD for NG. (thanks marek))

Something is terribly awry. Technorati Tags: peak oil, oil, Rita, Hurricane Rita, gas prices