Collideoscope

Posted by: David Bunch

Here is some good news stating that half of the refineries shut down or damaged by Katrina are geared to start back up. The article tries really hard to point out bad news, too, but at the very end there are several bullet points highlighting some really good news about oil production in the Gulf.

Other developments critical to the Gulf's recovery include:
• The
Louisiana Offshore Oil Port, the nation's largest oil import terminal, has been
unloading tankers, operating at about 75 percent capacity. It may hit full
capacity this week.
• Colonial Pipeline Co., which transports refined
products from Houston to as far away as the Northeast, is operating at 76
percent capacity, up 3 percent from its weekend report.
• Kinder Morgan
Energy Partners' Plantation Pipe Line Co., which transports fuel from refineries
to Eastern markets, has been capable of full capacity operations once it
receives fuel from downed refineries.
• Shell Pipeline Co.'s Capline
pipeline system, which transport crude oil into the Midwest, is operating at
approximately 40,000 barrels per hour; the normal rate is 45,000 barrels per
hour.