Article

2005-08-31 Home Front: Economy

Oil companies begin inspecting damage in Gulf

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Steve 2005-08-31 08:46|| || Front Page|| [1 views since 2007-05-07] Top

#1 Drilling rigs are a relatively small part of the problem. Quite good news to hear Mars is at least still in existence - it is a big producer and right about on Katrina's path. Long-term problems will be from the pipelins tied into tangles of steel spaghetti and the thousands of marginal shallow wells lost or damaged beyond repair and not 'big' enough to be worth redrilling.
Investment tip - get a long-term lease on a shallow water jack-up someplace (maybe West Africa?) and bring it to the Gulf of Mexico. Or work boats, etc.

Posted by Glenmore">Glenmore 2005-08-31 19:01|| 2005-08-31 19:01|| Front Page Top

00:01 .com
00:00 Eric Jablow
23:56 Robjack
23:54 badanov
23:48 Charles
23:45 badanov
23:42 BA
23:31 BA
23:30 .com
23:28 Frank G
23:25 Frank G
23:25 BA
23:18 BA
23:12 mom
23:08 mac
23:02 BA
23:01 Matt
22:59 Anonymoose
22:48 Redneck Jim
22:40 11A5S
22:25 badanov
22:25 Jackal
22:21 Jackal
22:16 mmurray821