Did the oil produced by this destroyed rig go into the "Domestic" market or did it enter

Toots

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Wed May-12-10 08:30 AM
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Did the oil produced by this destroyed rig go into the "Domestic" market or did it enter

the World market, mixed with every other country's oil? Republicans are saying it is essential we continue with these offshore rigs but I was under the impression they were not part of what we call our "domestic" oil supplies.

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gmoney

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Wed May-12-10 08:42 AM
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1. It's fungible, IIRC. But proceeds benefit BP...

furrin' oil.

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dipsydoodle

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Wed May-12-10 08:44 AM
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2. All of your oil

goes into the world market as far as I'm aware. Its the nature of the system.

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ipfilter

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Wed May-12-10 08:48 AM
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3. That well never produced any oil.

That rig was in the final stages of completing the well before a different rig could actually produce the oil and bring it to market.

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Junkdrawer

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Wed May-12-10 08:48 AM
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4. World Market. I suppose that in the case of World War, we could...

change that to US only, but I think we'd have bigger problems in that exigency.

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pampango

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Wed May-12-10 08:51 AM
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5. Sounds like most of the oil platforms in the gulf are connected by pipelines to refineries in

Louisiana.

http://www.alertnet.org/thenews/newsdesk/N03217796.htm

The port (Louisiana Offshore Oil Port), the only U.S. deepwater facility in the U.S., handles about 1 million and 1.5 million barrels per day in foreign and domestic crude from tankers and pipelines.

While three natural gas oil production platforms in the Gulf of Mexico have been shut as a precaution, offshore oil fields in the Gulf, which account for about a quarter of U.S. crude production, have not been affected.

"Most marine imports into the New Orleans/Baton Rouge refining zone come in through the LOOP, with other major supply by pipelines in from the offshore producing platforms - and those pipelines shouldn't be affected by the mess on the surface," said one trader.

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Junkdrawer

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Wed May-12-10 09:00 AM
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6. ..where 40% or more is then exported. "Oil You May Never See"...

Even after the BP oil disaster in the Gulf of Mexico, many politicians continue to insist that the United States must expand offshore oil drilling despite the huge health, economic, and environmental damages in the event of a blowout. They assert that this oil is essential for U.S. economic health and national security. For instance, two weeks after the BP disaster began, House Minority Leader John Boehner (R-OH) reiterated that the United States needs �more environmentally responsible development of America�s energy resources.� These are code words for more offshore oil drilling.

More offshore drilling in the Gulf Coast region, however, may not do much to increase our energy security. A CAP analysis (.xls) of Energy Information Administration data found that a large portion of the oil produced in the Gulf Coast region is actually exported as finished petroleum products to other nations, and this undoubtedly includes some of the offshore oil produced there (see chart at right).

These finished petroleum products consist of both consumer and industrial fuels. Diesel fuel was one-third of these exports in 2008 in the Gulf Coast, and gasoline was another 10 percent. About half of the finished petroleum products are used for electricity generation and other industrial uses.

The entire nation is divided into Petroleum Administration for Defense Districts, or PADDs, which are �a geographic aggregation of the 50 States and the District of Columbia into five Districts.� PADD III is the Gulf Coast region of Alabama, Arkansas, Louisiana, Mississippi, New Mexico, and Texas.

...

http://www.americanprogress.org/issues/2010/05/gulf_oil_exports.html

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nebenaube

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Wed May-12-10 09:14 AM
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7. Twenty-five percent of it

will sink to the bottom, possibly migrating to the deepest depths. A portion of it will decompose, another portion of it will evaporate. The rest will hit the shore.

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