The DOE releases daily sitreps on oil production in relation to the Hurricanes at Invalid Link Removed
As of noon today, the production loss have been ( total shut offs, not accounting for reductions, maybe add 15% to this?)
Date - Portion of total US Gasoline Production, based on 0.458 of oil being made into gas)
1-Sep 0.106
2-Sep 0.135
3-Sep 0.126
4-Sep 0.124
5-Sep 0.047
6-Sep 0.047
7-Sep 0.047
8-Sep 0.031
9-Sep 0.013
10-Sep 0.013
11-Sep 0.013
12-Sep 0.181
13-Sep 0.193
14-Sep 0.196
15-Sep 0.182
The 9/1 - 9/11 reductions are a product of Gustav, the 12th on are from Ike.
I suspect, based on these numbers and the pipeline delay of 11-19 days as described in the Oil Drum article, that what we are seeing is the first wave of shortages, that supply may improve temporarily to be followed by a much larger shortage. Just speculating, cause no one in the MSM or .Gov will give us much forewarning.
The DOE will put out a weekly report on Wedneday at Invalid Link Removed
We will know more then and I also think these shortages will affect the lines through St. Louis/Chicago and thru Dixie the hardest.
My Advice is get prepped up for hard times ahead, between this and the collapsing Derivatives played on Trillion $ Debt, add a big pinch of probable geopolitical tensions, this economy is soon FUBAR. Better too early to prep than too late, I say.
