Sunday, August 28, 2005

Storm aims for heart of U.S. oil industry


Gas prices may jump sharply
"This storm is going to pass through the meat of the oil and gas fields. The whole country will feel it, because it's going to cripple us and the country's whole economy," said Capt. Buddy Cantrelle with Kevin Gros Offshore, which supplies rigs via a fleet of large crew vessels.

The equipment located in the storm's likely path includes the bulk of the nation's oil and gas production platforms, thousands of miles of pipelines and -- perhaps most importantly for national gasoline prices -- much of the country's refinery capacity. In addition, the south Louisiana coastline serves as the entry point for around a third of the nation's imported oil.
Link from freelixir at Daily Kos.

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