Posted
5:08 PM
by Gene
Get ready and ROLL YOUR EYES AGAIN:"We have people on the platform and working to restore communication right now," said Mark Bugg, scheduling manager at New Orleans-based Loop LLC, the port operator. "A tanker may dock this afternoon and possibly offload by this evening."
The oil port stopped unloading tankers on Aug. 27 as Kristina [SIC!!!!!]
approached. Port Fourchon in Louisiana, a staging area for workers who staff Gulf oil and natural-gas production platforms, opened this morning after damage was cleared.
Kerr-McGee Corp. said today that most of its facilities avoided serious damage and 55,000 barrels of daily oil and gas production was restored at production platforms....
Traders are watching the Colonial Pipeline, the world's biggest network of petroleum-product pipelines, which carries gasoline and distillate fuels from Houston to New York harbor. Colonial Pipeline Co., owner of the network, said today two lines shut on Aug. 29 because of power failures will be started this weekend. Distillates include heating oil and diesel....
"The biggest issue is getting power to these facilities," said Chris Ovrebo, a broker with FC Stone LLC in Eden Prairie, Minnesota. "Most of these refineries didn't sustain heavy damage," he said. "It's not going to take them six months to get back on line." AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAARRRRRRRRRRRRRRRRGGGGGGGGGGGHHHHHHHHH!!!!!!!!!!