$3.00 gas? $4.00 gas?
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- Steve Cosby
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$3.00 gas? $4.00 gas?
Forget the Cat. 4/5 predictions: If Katrina takes out the refinery at Pascagoula, what do you thing gas prices will be?
For that matter, the GOM wells are shutting down as we speak.
I almost got the guts up to lay a few call options on gasoline this afternoon.
Honestly, the rest of the country will certainly feel sorry for and pray for the area that gets hit but it will be an even bigger attention getter when they head down to the local "Gas-N-Go".
Steve
For that matter, the GOM wells are shutting down as we speak.
I almost got the guts up to lay a few call options on gasoline this afternoon.
Honestly, the rest of the country will certainly feel sorry for and pray for the area that gets hit but it will be an even bigger attention getter when they head down to the local "Gas-N-Go".
Steve
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Re: $3.00 gas? $4.00 gas?
Steve Cosby wrote:Forget the Cat. 4/5 predictions: If Katrina takes out the refinery at Pascagoula, what do you thing gas prices will be?
For that matter, the GOM wells are shutting down as we speak.
I almost got the guts up to lay a few call options on gasoline this afternoon.
Honestly, the rest of the country will certainly feel sorry for and pray for the area that gets hit but it will be an even bigger attention getter when they head down to the local "Gas-N-Go".
Steve
What was that movie on the Discovery Channel (I think) that dealt with such an event? I watched it. Pretty disturbing as the Miss River is a major port of call for a lot of the nation's oil (not to mention the drilling platforms in the GOM). I'm not going "doomsday" scenario here but it is a valid point you bring up...It was mentioned in another thread earlier but I cannot remember which one and I think the "Search" function on Sorm2K is down right now due to the amount of bandwidth being used by us "storm-hyped" members (and for good reason--the use of the site and being storm-hyped that is

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Re: $3.00 gas? $4.00 gas?
greeng13 wrote:Steve Cosby wrote:Forget the Cat. 4/5 predictions: If Katrina takes out the refinery at Pascagoula, what do you thing gas prices will be?
For that matter, the GOM wells are shutting down as we speak.
I almost got the guts up to lay a few call options on gasoline this afternoon.
Honestly, the rest of the country will certainly feel sorry for and pray for the area that gets hit but it will be an even bigger attention getter when they head down to the local "Gas-N-Go".
Steve
What was that movie on the Discovery Channel (I think) that dealt with such an event? I watched it. Pretty disturbing as the Miss River is a major port of call for a lot of the nation's oil (not to mention the drilling platforms in the GOM). I'm not going "doomsday" scenario here but it is a valid point you bring up...It was mentioned in another thread earlier but I cannot remember which one and I think the "Search" function on Sorm2K is down right now due to the amount of bandwidth being used by us "storm-hyped" members (and for good reason--the use of the site and being storm-hyped that is)
Oil Storm on FX features a cane destroying processing in LA and the pipeline lead to nationwide chaos, etc.
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- Steve Cosby
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Re: $3.00 gas? $4.00 gas?
cjrciadt wrote:greeng13 wrote:What was that movie on the Discovery Channel (I think) that dealt with such an event? I watched it. Pretty disturbing as the Miss River is a major port of call for a lot of the nation's oil (not to mention the drilling platforms in the GOM). I'm not going "doomsday" scenario here but it is a valid point you bring up...It was mentioned in another thread earlier but I cannot remember which one and I think the "Search" function on Sorm2K is down right now due to the amount of bandwidth being used by us "storm-hyped" members (and for good reason--the use of the site and being storm-hyped that is)
Oil Storm on FX features a cane destroying processing in LA and the pipeline lead to nationwide chaos, etc.
I didn't see that and didn't know the Mississippi River was a site for oil delivery. I thought all that was down at Corpus Christi and Houston. Interesting (or sobering).
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- LSU2001
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Re: $3.00 gas? $4.00 gas?
Steve Cosby wrote:Forget the Cat. 4/5 predictions: If Katrina takes out the refinery at Pascagoula, what do you thing gas prices will be?
For that matter, the GOM wells are shutting down as we speak.
I almost got the guts up to lay a few call options on gasoline this afternoon.
Honestly, the rest of the country will certainly feel sorry for and pray for the area that gets hit but it will be an even bigger attention getter when they head down to the local "Gas-N-Go".
Steve
Yeah Cheveron in Pascagoula would be a major hit to gas supply but LA coast is where the crude comes in. It would be really bad to destroy or damage the LOOP. Louisiana Offshore Offloading Platform. I think that is the right name. This unloads supertankers in the gulf and pipelines the crude to the mainland. Remember Ivan ripped up a bunch of Pipelines from underwater landslides and they are still reparing them so another hit this close would be real bad for oil and gas prices.\
JMHO
TIm
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That was the one I watched...sorry i thought it was on Discovery. But yeah it could get bad...but probably a lot of "Hollywood/Deep Impact/The Day After..." crap involved in that one also.
Anybody working in that field care to comment on the possibility of that becoming a reality?
Seems far-fetched but still possible I guess. A CAT 3-4 rolls up the Miss. R. and impacts some oil tankers at port causing the "black gold" to seep from their bowels and in turn shuts down a pipeline to a refinery (I think is how it went)
Anybody working in that field care to comment on the possibility of that becoming a reality?
Seems far-fetched but still possible I guess. A CAT 3-4 rolls up the Miss. R. and impacts some oil tankers at port causing the "black gold" to seep from their bowels and in turn shuts down a pipeline to a refinery (I think is how it went)
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- Steve Cosby
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Re: $3.00 gas? $4.00 gas?
lsu2001 wrote:Yeah Cheveron in Pascagoula would be a major hit to gas supply but LA coast is where the crude comes in. It would be really bad to destroy or damage the LOOP. Louisiana Offshore Offloading Platform. I think that is the right name. This unloads supertankers in the gulf and pipelines the crude to the mainland. Remember Ivan ripped up a bunch of Pipelines from underwater landslides and they are still reparing them so another hit this close would be real bad for oil and gas prices.\
JMHO
TIm
That's why I like this forum: learn something new every day. Here's some Google results:
http://www.dotd.louisiana.gov/programs_grants/loop/loop.shtml
http://www.barwil.com/wbch3.exe?p=400227
Nothing about the design regarding whether it can stand up to Cat 4/5 hurricanes though...
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just said on TWC that oil platforms have been evacuated (already mentioned some time earlier on another thread) but also mentioned before commercial that the GOM produces some 30% of the nation's oil.
After edit: Is that true? 30%
After edit: Is that true? 30%
Last edited by greeng13 on Fri Aug 26, 2005 6:51 pm, edited 1 time in total.
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- Steve Cosby
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Re: $3.00 gas? $4.00 gas?
Steve Cosby wrote:Nothing about the design regarding whether it can stand up to Cat 4/5 hurricanes though...
Here's the only reference I can find to what it can withstand:
http://www.enewsbuilder.net/aopl/e_article000210656.cfm
Makes it sound like no big deal.
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Re: $3.00 gas? $4.00 gas?
Steve Cosby wrote:Steve Cosby wrote:Nothing about the design regarding whether it can stand up to Cat 4/5 hurricanes though...
Here's the only reference I can find to what it can withstand:
http://www.enewsbuilder.net/aopl/e_article000210656.cfm
Makes it sound like no big deal.
"LOOP can even withstand gale-force winds, hurricane-strength waves and anything else Mother Nature can throw at it." Very assuring


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- LSU2001
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I do know this much. After 9/11 LOOP is now under armed guard with its own security ship armed with 50 cal. machine guns. If any boat approaches without clearance it will be stopped. Several of my friends tried running to the rig during a thunderstorm and were stopped by armed men on bull horns. Had they continued they would have been fired upon. This in no joke. This port is a matter of national security and can be damaged by nature as well as terrorists.
Tim
Tim
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Personal Forecast Disclaimer:
The posts in this forum are NOT official forecast and should not be used as such. They are NOT endorsed by any professional institution or storm2k.org. For official information, please refer to the NHC and NWS products.
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- johngaltfla
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- drudd1
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johngaltfla wrote:If the path through LA holds true, $3.00/gallon for regular unleaded by next Friday, easy.
....and I can see the oil companies wringing their hands in anticipation of getting gas up to $3.00 a gallon even earlier than they had hoped. Mark my words, and feel free to remind me if I am wrong, the major oil companies will post record profits once again regardless of where the storm goes.
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From the Pascagoula Chevron website:
ChevronTexaco Pascagoula Refinery celebrated its 40th anniversary in 2003. Since ChevronTexaco began operation of its Pascagoula Refinery in 1963, the refinery has grown to be the corporation's largest U.S. refinery and one of the top ten petroleum refineries in the United States.
If production ceases here for a lengthy time, easily $3-4 a gallon.
ChevronTexaco Pascagoula Refinery celebrated its 40th anniversary in 2003. Since ChevronTexaco began operation of its Pascagoula Refinery in 1963, the refinery has grown to be the corporation's largest U.S. refinery and one of the top ten petroleum refineries in the United States.
If production ceases here for a lengthy time, easily $3-4 a gallon.
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- beachbum_al
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Mississippi Storm Magnet wrote:From the Pascagoula Chevron website:
ChevronTexaco Pascagoula Refinery celebrated its 40th anniversary in 2003. Since ChevronTexaco began operation of its Pascagoula Refinery in 1963, the refinery has grown to be the corporation's largest U.S. refinery and one of the top ten petroleum refineries in the United States.
If production ceases here for a lengthy time, easily $3-4 a gallon.
that's the trend i am looking at.
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