Showing posts with label oil. Show all posts
Showing posts with label oil. Show all posts

Friday, August 29, 2008

Russia may cut off oil flow to the West

8/29/08
Russia may cut off oil flow to the West

By Ambrose Evans-Pritchard
The Telegraph, 29/08/2008

Fears are mounting that Russia may restrict oil deliveries to Western Europe over coming days, in response to the threat of EU
sanctions and Nato naval actions in the Black Sea.

Any such move would be a dramatic escalation of the Georgia crisis and play havoc with the oil markets.

Reports have begun to circulate in Moscow that Russian oil companies are under orders from the Kremlin to prepare for a supply
cut to Germany and Poland through the Druzhba (Friendship) pipeline. It is believed that executives from lead-producer LUK oil have
been put on weekend alert.

READ MORE:
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/08/29/cnrussia129.xml

Thursday, August 28, 2008

Hurricane Gustav heads for Port Fourchon, or is it Port Fortune, or Port Four-chen-ey?

Three years after Katrina, Gulf ports at risk
By Kathy Finn
PORT FOURCHON, Louisiana (Reuters) - The drive south from New Orleans toward the Gulf of Mexico is a study in coastal vulnerability.

As the road winds through marshes and skirts bayous, dry land grows sparser by the mile.

Soon, water dominates the landscape, and the danger that a storm surge from a hurricane coming ashore would pose becomes clear.

At the far edge of this web of wetlands, roughly 60 miles south of New Orleans, lies one of the most strategically important ports in the United States.

Nearly three years to the day after hurricane Katrina plowed into the Louisiana coast on August 29, 2005, Port Fourchon is still a glaring Achilles heel in the vulnerable U.S. energy supply chain.

Now Port Fourchon and coastal cities like New Orleans are staring down the barrel of Tropical Storm Gustav, which could come ashore next week as the worst hurricane since 2005.
http://ca.news.yahoo.com/s/reuters/080828/n_usa_reuters/usreport_usa_hurricanes_erosion_dc_1

COMMENTS:
It's kinda strange that Gustav is headed towards off shore drilling ops that provide almost 20% of US's fuel supplies in the Gulf. Haarp seems to be directing Gustav to Port Fourchon destroying its operations to bolster oil prices even higher at the behest of the oil-igarchy. The name of the town Port Fourchon sounds a lot like Port Fortune or even better yet, Port Four-chen-ey!
STS