• 989 days Will The ECB Continue To Hike Rates?
  • 989 days Forbes: Aramco Remains Largest Company In The Middle East
  • 991 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,391 days Could Crypto Overtake Traditional Investment?
  • 1,396 days Americans Still Quitting Jobs At Record Pace
  • 1,398 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,401 days Is The Dollar Too Strong?
  • 1,401 days Big Tech Disappoints Investors on Earnings Calls
  • 1,402 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,404 days China Is Quietly Trying To Distance Itself From Russia
  • 1,404 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,408 days Crypto Investors Won Big In 2021
  • 1,408 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,409 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,411 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,412 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,415 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,416 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,416 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,418 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Gulf Storms in the Offshore Oil Patch

As a relatively innocuous storm at the time, Hurricane Katrina ambled across Florida into the Gulf of Mexico. Once in the Gulf, however, Katrina ballooned into a monster by the time her eye crossed land, east of New Orleans. The result appears to have been one of the great natural disasters in American history.

Katrina's path across the Gulf of Mexico led through the center of the offshore oil patch. Final landfall then severely disrupted the nation's busiest port as well as one of the more important onshore gas and oil processing and refining areas in North America.

The extraordinary level of interest in Katrina and related matters has led us to share some intriguing observations about the experiences of people who work within the offshore oil and gas industry based in the Gulf of Mexico, as well as the dangers they face. These come to us from our friend, "Bill." (For the sake of modesty and another reason or two, he has asked that we not use his last name.)

A native of Mississippi, Bill is an engineering consultant to the offshore oil and gas industry. His more than thirty years of experience drilling wells in the Gulf of Mexico, thus gives him a unique perspective on Katrina-related and similar events. He recently shared a few of his experiences regarding how the volatile hurricane season in the Gulf affects the people and businesses within the offshore oil patch. Not only is this piece very interesting, it also is quite informative. Continue to Gillespie Research for the balance of the essay: http://www.gillespieresearch.com/cgi-bin/s/article/id=655

Back to homepage

Leave a comment

Leave a comment