The US Energy Information Agency recently released data that our country’s implied oil demand was at its lowest point since 1996 this past September. The total was 2.6 million barrels per day (Mbd) below last year’s level, a drop of more than 10%! While some of September’s reduction is clearly attributable to Hurricanes Gustav and Ike, they also signify an intense (more…)
Posts Tagged ‘Gustav’
EIA: September Oil Demand Lowest in 12 Years
Friday, December 12th, 2008Gustav triggers rig evacuations
Friday, August 29th, 2008Gustav remains a Tropical Storm for now, but forecasters predict it will regain hurricane strength by the end of today and pass over western Cuba into the Gulf Sunday morning. Current projections have it hitting Gulf oil and gas production sites on Monday as a major hurricane. Virtually all oil and gas production was shut-in during Hurricane Katrina, with some fields being closed for a number of months. The impact of Gustav will depend on how its intensity and size develops over the next three days.
On the issue of energy and climate change, (more…)