Posted 8/27/2017 18:02 (#6213578 - in reply to #6213500) Subject: Not expected to be as bad as Katrina Rita.. but.. wasn't then either..
this storm is Not expected to be as bad as Katrina.. and Rita which knocked a lot of production off in the gulf.. However.. HOUSTON.. is Refinery Central.. and given the level of flooding going on.. it appears that getting back to "normal" is going to be.. days.. or even.. weeks.. or longer till.. we recover.
Refinieries in TEXAS.. the LARGEST refining state in the Country.. ( https://en.wikipedia.org/wiki/List_of_oil_refineries#Texas ) followed closely by Louisianna.. by my simple uneducated count.. I count ten..edit add: whoops missed one.. Eleven.. 11 refinieries possibly affected.. uhm.. that's ALOT!!
2.73 myn bbls per day... somewhere around 15% of US production.. in an industry which routinely runs at 85% of capacity of UP time.. means the rest has to go 100% now...?!? Until back online.. although we do have stocks in storage of near record amounts.. probably the saving grace.. but again.. these stocks are along the gulf.. by the refineries.. ???
Katrina/Rita kicked off the run to the original crude oil spike which kicked the ethanol boom off..
similarities...???
Well I guess we're still dependent upon the gulf for our nation's energy needs.. how much?
.. we're about to find out.
Nobody seemed to be too concerned before the storm.. then again.. no need to evacute either...
smh.
edit.. once we get past memorial day weekend.. the summer driving season will be in the rear view mirror.. so the rest of the nation's capacity can take up some of the slack.. just depends upon how much damage occurs.. IF any...??
Still these hurricanes ARE a STATEMENT FOR diversification.. in fuel supplies.. like ethanol.. imho.
edit: I guessed 15% of capacity at risk.. calculated it.. 14.71%.. I KNOW this stuff.. ;-)