Damage to the LOOP

Investment in Stocks - Forum for sharing info about stocks and options. 

  Yahoo!   Google   Windows Live   del.icio.us   digg   Netscape

Subject Author Date Damage to the LOOP Doug 09-01-2008  Re: Damage to the LOOP FrediFizzx 09-01-2008  Re: Damage to the LOOP John Galt 09-01-2008
Posted by Doug on September 1, 2008, 10:10 pm Supposedly, the Louisiana Offshore Oil Platform (LOOP) took a direct hit from Gustav. The extent of the damage won't be known for a couple of days. If damage is extensive, expect a run on gasoline and possible supply shortages and of course....higher prices at the pump. Posted by FrediFizzx on September 1, 2008, 10:33 pm > Supposedly, the Louisiana Offshore Oil Platform (LOOP) took a direct > hit from Gustav. The extent of the damage won't be known for a > couple of days. If damage is extensive, expect a run on gasoline and > possible supply shortages and of course....higher prices at the > pump. More important is how much refinery damage there might be as they will open the SPR if crude oil supply is disrupted for a lengthy time. But LA and TX have EPA ok to use non-oxygenated gasoline which they say is in plentiful supply. So I doubt there will be much shortages. Oil prices way down today on electronic trading so somebody must know something. Fred Posted by John Galt on September 1, 2008, 10:55 pm FrediFizzx wrote: >> Supposedly, the Louisiana Offshore Oil Platform (LOOP) took a direct >> hit from Gustav. The extent of the damage won't be known for a couple >> of days. If damage is extensive, expect a run on gasoline and possible >> supply shortages and of course....higher prices at the pump. > > More important is how much refinery damage there might be as they will > open the SPR if crude oil supply is disrupted for a lengthy time. But > LA and TX have EPA ok to use non-oxygenated gasoline which they say is > in plentiful supply. So I doubt there will be much shortages. Oil > prices way down today on electronic trading so somebody must know > something. Look for announcements on the corporate websites as to when the closed refineries will light their stacks. That's that moment that production begins. I expect all of them to light their stacks by COB Tuesday. JG > > Fred Similar Threads Posted Re: Has the inflation damage already been done? July 23, 2008, 10:33 am