Obama Affair Vera Baker - Widespread oil spill from a well owned by BP Plc in the Gulf of Mexico could threaten the production, shipping and refining oil and natural gas in Mississippi, Alabama and Louisiana. These three states are only possess oil reserves amounting to 19% of U.S. refining capacity in 2009, according to data from the Energy Information Administration U.S. Department of Energy.
"Traders feel nervous about how fast this oil spill will spread and whether they could have a significant effect on oil and natural gas production," said Andy Lipow, president of Lipow Oil Associates LLC in Houston.
Oil spill on April 20 was followed by an explosion at a drilling tool which was hired by BP Plc, killing 11 workers. Rig, owned by Transocean Ltd., sank two days later.
U.S. President Barack Obama Affair said the oil leak was a huge disaster and the unprecedented and can affect the economy the states near the Gulf of Mexico and the people whose livelihoods depend on this bay.
Lipow said in a telephone interview today that this oil spill could spread westward to New Orleans, blocking the vessels entering and exiting the Mississippi River or deliver cargo at the Louisiana Offshore Oil Port (LOOP).
LOOP, an offshore port in Louisiana, serving the unloading of tankers from the pipeline under the sea. Barb Hestermann, spokeswoman for the LOOP, said all operations running normally so far.
"We do not anticipate these impacts. We were a little to the west of the oil spill," said Hestermann.
LOOP handles about 10% of national imports and 10% for domestic production through pipelines in the Gulf of Mexico, operated by Shell and BP, he said.
"We are still receiving oil supplies from both pipeline," said Hestermann.
Lipow said the oil spill if it moves to the east the shipping of crude oil Chevron Corp. for 330 000 barrels per day from the Pascagoula refinery in Mississippi and Chemicals Shell oil refinery near Mobile, Alabama, could be disrupted.
"Traders feel nervous about how fast this oil spill will spread and whether they could have a significant effect on oil and natural gas production," said Andy Lipow, president of Lipow Oil Associates LLC in Houston.
Oil spill on April 20 was followed by an explosion at a drilling tool which was hired by BP Plc, killing 11 workers. Rig, owned by Transocean Ltd., sank two days later.
U.S. President Barack Obama Affair said the oil leak was a huge disaster and the unprecedented and can affect the economy the states near the Gulf of Mexico and the people whose livelihoods depend on this bay.
Lipow said in a telephone interview today that this oil spill could spread westward to New Orleans, blocking the vessels entering and exiting the Mississippi River or deliver cargo at the Louisiana Offshore Oil Port (LOOP).
LOOP, an offshore port in Louisiana, serving the unloading of tankers from the pipeline under the sea. Barb Hestermann, spokeswoman for the LOOP, said all operations running normally so far.
"We do not anticipate these impacts. We were a little to the west of the oil spill," said Hestermann.
LOOP handles about 10% of national imports and 10% for domestic production through pipelines in the Gulf of Mexico, operated by Shell and BP, he said.
"We are still receiving oil supplies from both pipeline," said Hestermann.
Lipow said the oil spill if it moves to the east the shipping of crude oil Chevron Corp. for 330 000 barrels per day from the Pascagoula refinery in Mississippi and Chemicals Shell oil refinery near Mobile, Alabama, could be disrupted.
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