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Page added on July 14, 2019

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Tropical Storm Barry shuts 70% of U.S. Gulf of Mexico oil output

Production

Nearly 70% or 1.3 million barrels per day (bpd), of crude oil production in the U.S.-regulated areas of the Gulf of Mexico has been cut because of Tropical Storm Barry, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) said on Saturday

Natural gas output from offshore platforms in the Gulf has been cut by 56%, or 1.5 billion cubic feet per day, BSEE said.

Oil producers have shut in 283 platforms, or 42%, in the northern Gulf of Mexico, BSEE said.

Reuters



11 Comments on "Tropical Storm Barry shuts 70% of U.S. Gulf of Mexico oil output"

  1. Robert Inget on Sun, 14th Jul 2019 10:37 am 

    Plus substantial amounts of NATURAL GAS.
    They may be flaring NG in the Bakken and elsewhere but we depend on GMO gas for decades, long after Bakken is memory.

    https://www.bing.com/search?q=bakken+shale&qs=AS&pq=bakken&sk=AS1&sc=8-6&cvid=F4C83F15EF184A40A5F73EC0DB4D0FF1&FORM=QBRE&sp=2

    Our headline (70% Shut In) is a bit misleading.
    Some platforms will continue to operate with minimal human content.
    Nevertheless, at least a million barrels PD will
    be effected.
    Seeing as how we burn up or export well over 20 Million BB’s daily and storing over 65 M B ‘just in case’ the ten or twelve million missing barrels won’t make much difference.

    One topic that’s burning attention but producing zero heat is the increasing amounts of crude ‘trapped’ in pipelines.

    https://www.bing.com/images/search?view=detailV2&ccid=zd6cvhnA&id=0EEB08110849F5CF428FA7A42CC3187E9878D793&thid=

    Unless a pipeline is fully drained ‘none of that “line-pack’ is useful’. Think about it.

    All the same, that ‘line-pack’ is counted into US inventory as reserve storage.

    When a new line is put into service, millions of
    barrels go to fill.

    Trans Mountain Pipeline (Alberta to Asia) will not just remove millions of barrels from Canada’s
    oil fields it will also remove millions of barrels from America’s imports beginning mid 2020.
    Just in time to see Bakken begin to dry up and
    Trump’s Tariff Depression get to full swing.

  2. Duncan Idaho on Sun, 14th Jul 2019 11:04 am 

    Trump’s Tariff Depression get to full swing.

    I have mixed views of the Fat Boy—-
    Might be a good action– we will sink faster, and the survivors (if any) will have more resources to survive on?
    Maybe greed and ignorance are beneficial?

  3. Robert Inget on Sun, 14th Jul 2019 11:11 am 

    Oh, once Barry becomes another bad memory,
    each platform that shut in must be inspected before resuming operations. That’s one.

    Two; All the main GOM refineries are located in Barry’s flood path. It will take a week to see
    how much flood damage took place,(if any).

    September, historically is the worst month for Atlantic hurricanes.

    If refineries are down, as some are, crude, but not diesel and gasoline, inventories remain untouched. So, it will appear nothing much changed. Don’t believe it. Shortages of ‘product’
    will begin to show later in July.

    Investors should pay close attention to domestic consumption of gasoline, diesel and jet fuel.
    If consumption falls below 20 M B p/d, watch out below. In summer, jet fuel and diesel are good early indicators.

    IMO, big inflation is inevitable.
    Both food and energy costs are bound to go higher WHEN the Fed cuts interest rates.

    To win the WH and Senate, Democrats need do nothing to stem the 2020 Trump Tariff Depression.

  4. makati1 on Sun, 14th Jul 2019 5:56 pm 

    America seems to be a rain magnet this year. Food and gas prices going up. Refineries burning at one end (Philly) and flooded at another. And summer is only half over.

    Meanwhile, the shitty West Coast is shaking. Billion$ in illegal drugs being captured while billion$ more slip thru. Kiddie porn in the Pentagon and all over elite society. The food fight called campaigning for Prez.

    Exciting times to live in America! Glad I don’t! GO TRUMP!

  5. Duncan Idaho on Sun, 14th Jul 2019 6:54 pm 

    THE ANTHROPOCENE OWES A LOT TO THE PLASTICINE

    https://vvattsupwiththat.blogspot.com/2019/07/where-would-anthropocene-be-without.html

  6. makati1 on Mon, 15th Jul 2019 5:26 pm 

    Those who live in glass houses should not throw stones…Davy. Remember your bragging about the US’ food independence? And the Philippines needing to import rice? I do.

    “The current track of this storm is going to take it over some of the hardest hit areas of Missouri, Illinois, Indiana and Ohio.” And the hurricane season is just beginning.

    https://www.zerohedge.com/news/2019-07-15/food-shortage-warnings-begin-tropical-storm-barry-rips-through-americas-heartland

    “Weather patterns are behaving very, very strangely all over the world, and many believe that the worst is yet to come. I encourage you to get prepared for the challenging times that are ahead while you still can.” Nuff said.

  7. Davy on Mon, 15th Jul 2019 7:22 pm 

    “The current track of this storm is going to take it over some of the hardest hit areas of Missouri, Illinois, Indiana and Ohio.” And the hurricane season is just beginning.”
    The stupid fuck does not realize that moisture in July is essential for good crop growth. The Midwest is not getting the hammering, makato, it was the lower Mississippi valley. You being over in the 3rd world slightly detached I would expect you not know that. Likewise, you don’t know shit about farming. Your agenda radar will believe everything you read on ZH that has an anti-American twist.

  8. Davy on Mon, 15th Jul 2019 8:28 pm 

    Oops, sorry for losing my shit again everyone.

    I need help with my widdle temper problems.

  9. Davy on Tue, 16th Jul 2019 1:04 am 

    BTW everyone. My widdle farming adventure that mommy payed for was a failure. Just saying. And I ignore everything on Zerohedge that doesn’t support my Pro Zionist agenda, and copy and paste everything here that does. That’s why y’all know I’m a flaming hypocrite and a dumbass.

    The biggest dumbass of all is me!

    dumbasses

  10. Dredd on Wed, 17th Jul 2019 4:50 pm 

    That’s life in “the country they call heaven” folks (Symbolic Racism: A Look At The Science – 13).

  11. Juanpee on Wed, 17th Jul 2019 4:54 pm 

    I have lost my mind

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