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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (254940)	10/12/2005 12:09:51 PM
From: American Spirit	Read Replies (1) \| Respond to of 1572507

The market has gone down sharply lately. One big cause is that the real estate bubble is gradually bursting now. Inflation is rearing its ugly head. And the government is broke and in debt so deeply that nobody knows how to pay for anything anymore without raising taxes, one thing Republicans refuse to do. The gas prices alone are in the midst of stopping this economy. Of course certain sectors and companies always do well.

To: Tenchusatsu who wrote (254940)	10/12/2005 1:11:08 PM
From: tejek	Respond to of 1572507

Gulf Repair Job Tougher Than Expected By Christopher Edmonds RealMoney.com Contributor 10/12/2005 11:21 AM EDT Bringing oil and natural gas production back online in the Gulf of Mexico isn't turning out to be as easy as many had hoped. That was the message from the U.S. Minerals Management Service Tuesday when it provided an update on production from the Gulf in the wake of hurricanes Katrina and Rita. Over 1 million barrels of daily oil production and over 6 billion cubic feet of natural gas remain offline in the Gulf, the federal agency said. To date, 54.5 million barrels of oil production have been lost in the Gulf, nearly 10% of the region's annual output, and nearly 272 billion cubic feet of natural gas production, over 7% of yearly natural gas output. While that energy will eventually be extracted, it's still a significant amount of supply taken out of an already tight market. As a result, oil prices remain well above $60 a barrel and natural gas prices are holding firmly above $10 per million Btu. Infrastructure Mess Bringing Gulf of Mexico production back to life is more than just turning on a spigot. At last week's Independent Petroleum Association of America investor conference in San Francisco, most Gulf exploration companies suggested they are beginning to return workers to production platforms, and they're finding the majority of platforms fared pretty well in the storms. However, what didn't fare as well were wellheads, pipelines, gathering systems and coastal processing facilities. The infrastructure that helps bring oil and gas from the sea to shore is just as critical as the anchored hunk of steel from which energy is produced. Without pipelines and processing facilities, there is nowhere for oil and natural gas to flow. And, with flood and wind damage to such key areas as Venice, La., and the Sabine Pass area -- which straddles the Louisiana-Texas border -- it could be months before the Gulf infrastructure can handle pre-Katrina and Rita levels of oil and natural gas production. Continued................. thestreet.com