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Edited on Mon Aug-29-05 01:18 AM by Bleachers7
I have it on Tivo and I am watching it again.
Sept. 2nd, 2005. Category 4 Julia passes south of Florida and into the Gulf.
New Orleans evacuated. The director of emergency management of NO says that "if NO takes a direct hit, we're going to be the next Atlantis."
The fears of the oil industry were on Port Fourchon. It provides 15% of the 20 million barrels of oil used per day.
1 million barrels extracted by the rigs. 1 million American and 1 million foreign come through Port Fourchon. 13% of oil imports.
Pipeline in Gulf feeds 30% of pipelines in the US. 1 million barrels a day.
If Port Fourchon was devastated, it would "blow a hole in the American economy."
By Saturday afternoon, Louisiana goes to state of emergency.
Superdome opened as a shelter of last resort.
"Potentially tens of thousands were going to die"
1476 dead.
New Orleans was "spared the full force."
Port "was an absolute mess." Entire platforms disappeared.
Some bridge between the port and Louisiana destroyed.
Loop pipeline severed.
80% of gulf productivity gone. Almost all imports through Pt. Fourchon gone. Damage took almost a year to repair.
Market opened on Tuesday and "all hell broke loose."
Traders speculated. Oil went from $55 to $77 a barrel. Market closed at $77.
"Panic at the pumps. Gas in short supply."
Gas at $4.29 for the cheap stuff.
Hurricane left a 10% (2 million barrel) shortfall.
1 billion barrels of oil released from Strategic Petroleum Reserve every day for a month. Oil went under $70/ barrel.
The US starts looking outside the country and there's a lot of crazy things that happen from this point out. I have felt like this was prophetic from when it first came out. I hope not.
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