Oil Producers Move Staff, Halt Output on Hurricane

[merh]

Source: Bloomberg.com

Nov. 9 (Bloomberg) -- Oil companies in the Gulf of Mexico are evacuating workers and halting some output as Hurricane Ida strengthened after entering the area, which accounts for more than a quarter of U.S. crude production.

BP Plc evacuated non-essential staff and shut some of its Gulf output. “Some precautionary curtailment of production has taken place,” BP said in a recorded statement on its hotline. Ida is the first storm to disrupt output in the Gulf this hurricane season, which runs from June to November.

Chevron Corp., the second-largest U.S. oil company, has also halted “some production” at its Gulf of Mexico platforms, according to its Web site. The company moved some non-essential workers out of the area, spokesman Mickey Driver said yesterday.

Crude oil climbed for the first time in three days, gaining as much as 95 cents, or 1.2 percent, to $78.38 a barrel on the New York Mercantile Exchange.



Read more: http://www.bloomberg.com/apps/news?pid=20601087&sid=a5kRr5htdoQU&pos=5

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A hurricane in the Gulf, in November. x(

About Hurricane Ida

Ida’s maximum sustained winds increased to about 105 miles (169 kilometers) per hour, from 100 mph earlier today, the U.S. National Hurricane Center said in its latest advisory. Ida was 140 miles west-northwest of the western tip of Cuba at 7 p.m. Miami time, the center said.






http://www.wunderground.com/tropical/at200911.public.html

[Harry Monroe]

1. Wanna bet oil prices go up?

[merh]

2. I'm sure they will. That's why I posted this article.

I thought folks would be interested in the hurricane if it impacted the economy.

[question everything]

3. Are you guys in New Orleans evacuating?

Hope everyone will be safe and soung.

[merh]

4. I'm not in NOLA

I'm not sure what they are doing there.

The storm is anticipated to hit Pensacola Floridan.

[meow2u3]

5. Here comes the price gouging at the pump

Quick! Everybody get the gas in your car now before prices jump a buck a gallon!