Fossil Fuel Addicts Relentless in Pursuit of Junk (://URLFAN)

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Fossil Fuel Addicts Relentless in Pursuit of Junk

Post Date: Sep 02, 2008 2:31 p.m.
Ranked website: theseminal.com (Ranks #10675 of 3,783,534)

For full text please visit source:
http://www.theseminal.com/2008/09/02/bush-sees-oil-addiction-raises-th...


Oil and natural gas addicts were shocked by the news yesterday that domestic production would be shut down due to Hurricane Gustav. NEW YORK -(Dow Jones)- Energy producers have shut in approximately 100% of oil production and 95.4% of natural gas output in the U.S. Gulf of Mexico, after companies shuttered operations ahead of Hurricane Gustav, the U.S. Minerals Management Service said Monday. Before the production shut-ins, about 1.3 million barrels of oil and 7.4 billion cubic feet of gas a day was produced in the Gulf. This 1.3 million barrels of oil represents about 6% of daily U.S. consumption, far too much to miss out on according to some addicts. “Time to break into the stash”, one administration official reportedly said with a sigh. The U.S. government said it was ready to release crude oil stocks from the nation’s emergency reserve if Gustav causes a significant disruption. Some of the junkies were even willing to lower their...

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Hurricane Gustav
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