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The Oil Drum And it begins...the government says (more deeply this time, and with feeling): 'CONSERVE!'
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"The Oil Drum
Discussions about Energy and Our Future
GCC: House Committee OKs New Refinery Legislation
The Oil Drum
Two short items to note
And it begins...the government says (more deeply this time, and with feeling): 'CONSERVE!'
Posted by Prof. Goose on October 3, 2005 - 1:40am
Topic: Demand/Consumption
Tags: gas prices , hurricane katrina , hurricane rita , natural gas , oil , peak oil [ list all tags ]
http://www.usatoday.com/money/industries/energy/2005-10-02-gas-prices-usat_x.htm
(entire article under the fold)
Gas prices may last six months
By James R. Healey, USA TODAY
The nation's energy chief says it will take six months for U.S. energy production and prices to return to pre-hurricane levels, and he hints at energy shortages in the interim.
That's the most blunt and pessimistic estimate yet of how long the energy disruptions caused by hurricanes Katrina and Rita will affect the USA. But it could help Energy Secretary Samuel Bodman sell Americans on a conservation campaign he plans to detail Monday.
"How long before we return to normal? It's hard to know, because we have not yet got an assessment" of damage from Rita, Bodman said in an interview with USA TODAY on Friday. He said it will be two to three weeks before the assessment is done.
"We're going to go through a very challenging time the next six months, is my guess," Bodman said. "Most of us have viewed energy availability as a kind of right of citizenship," he said, and might have to rethink that as refineries are restarted, pipelines repaired and natural gas processing resumed. "Both in terms of gasoline availability and (prices of) natural gas and heating oil, we're going to have some problems."
Hurricane Katrina swept the Gulf of Mexico and hit shore near New Orleans on Aug. 29. Rita followed Sept. 24, hitting the Texas coast west of Katrina's landfall. The two storms temporarily closed all Gulf oil operations and "
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