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HOLA441
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To anyone in the affected areas who is reading this, I hope all goes well and you are OK.

Our debates over house prices, inflation, oil etc. pale into insignificance when life is at immediate risk.

Ditto. The talk about the Dome roof failing is really distressing. Can anyone provide further info?

I'm agnostic, but if you're are relgious you might wanna put in a word for these guys. I think I speak for all when I say our thoughts are with the folks of Louisiana, Mississippi, Alabama & Florida.

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Not looking good - breaches in Levees

http://www.nola.com/newslogs/breakingtp/in..._08.html#074715

Hurricane damage: Collapsed buildings, massive flooding

During a morning teleconference, emergency preparedness officials from across southeast Louisiana reported flooding, building collapses, power outages and fires.

Here's a run-down of what they reported:

- In New Orleans, water topped a levee along the Industrial Canal. The city's 911 emergency system was out of service and Charity Hospital was on emergency power and windows had been blown out on five floors. The Police Department was operating on a backup power system. Three to four feet of water was reported on St. Claude Avenue at Jackson Barracks. And a 20-foot tidal surge knocked out four pumping stations; only one was able to get back into service.

Also in New Orleans, a bridge connecting a parking garage to Memorial Hospital collapsed.

- In Jefferson Parish, there was a report of a building collapse in the 200 block of Wright Avenue in Terrytown. Parish officials could not provide details other than to say they had been notified that people were inside the building.

- In St. Charles Parish, significant flooding was reported on the east bank.

- In Arabi, up to 8 feet of water was reported, and people are climbing into their attics to escape the flooding. "We're telling people to get into the attic and take something with them to cut through the roof if necessary,'' said Col. Richard Baumy of the St. Bernard Parish Sheriff's Office. "It's the same scenario as Betsy.''

Baumy said 100-plus mph winds were preventing rescue efforts.

At Bayou Bienvenue, water levels were reported at 9 1/2 feet, almost twice normal levels.

- In St. John, massive power outages are reported.

- In Gramercy, there was extensive damage to the town's 1 1/2-year-old fire station.

- Terrebonne Parish reported a fatality from a heart attack.

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Its nothing serious at the moment... just 1/12 section pulled off...

the risk is now that the wind can rip the rest off.

Constant coverage on this feed :

http://www.wdsu.com/video/4907831/detail.html

cheers curious. Just heard that water is coming in the 1st floor windows of the Beau Rivage Casino (http://www.beaurivage.com/pages/frameset_noflash.asp) Biloxi.

In NO water has breached the levee in the industrial area.

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excertps from the weatherunderground blog:

Posted By: Orleans77 at 2:59 PM GMT on August 29, 2005.

jus coming across the wires.some oil rigs have remote sensor...according to these reports...they have lost comm link with 26 oil rigs - presumed lost..and 24 more are badly listing...

Posted By: afs at 3:00 PM GMT on August 29, 2005.

Any word on whether the refineries and chemical tank farms are holding up? That's what I was most worried about. A city can recover from being flooded by water. It cannot recover from being flooded by toxic waste.

Posted By: Orleans77 at 3:01 PM GMT on August 29, 2005.

also the refinery in NO is sustaining serious damage while the refinery in Baton Rogue is sustaining light to moderate damage...these tow refineries refine 1 million barrels a day of oil into gas...

the offshore terminal where 25% of oil comes into the US is also sustaingin serious damage

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News anchors aren't real!? they're animatronic and CG puppets that have no self-determination, intelligence or concepts of morality or humility.

In a question and answer session on BBC News24 Business (where you would expect the anchor IQ to be higher)

Manisha Tank: "Hurricanes have hit the Southern States many times before but what is different this time is that we are seeing a hurricane hit a tourist area."

Guest Economist: "Well, hurricanes most often hit Florida which is in fact a tourist area." (no shit)

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Oil refineries were hit hard, with expectations that capacity of 1.8m barrels a day has been shut down by the storm that ripped through the heart of America's oil region. Analysts said it would be days before the damage could be assessed. Henry Hub avoided a direct hit and was reopened after Katrina was downgraded from the highest category five to a category three, and changed direction at the last minute. Though, in an ominous sign, Shell reported two drilling rigs adrift. :ph34r:

http://news.ft.com/cms/s/9c11d928-18b1-11d...000e2511c8.html

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Guest magnoliawalls

Europe may need to send petrol stocks to US

Europe will need to send some of its strategic emergency stockpiles of petrol to the US if refinery damage caused by Hurricane Katrina proves severe, the International Energy Agency, which co-ordinates the emergency inventories of the world's biggest oil consuming countries, said on Monday.

For now, the US, Europe and Japan have enough strategic emergency stockpiles of crude oil to wait a week to assess the damage before having to decide whether to release oil to damp prices, Claude Mandil, executive director of the IEA, told the Financial Times.

Maybe we can pledge to provide our reserves but not really bother :ph34r:

Disparity between pledging and delivery of aid after disasters

Crisis

Amount pledged ($)

Amount delivered ($)

Cambodian war rehabilatation1

880m by June 1992

460m by 1995

Rwandan genocide1

707m in January 1995

<71m by July 1995

Hurricane Mitch, central America2

9bn in 1998

<4.5bn, December 2004

Bam earthquake, Iran*

1bn in January 2004

116m December 2004

Source

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Regarding the oil / gas aspects of this:

Based on the little that is known so far...

1. It seems highly likely that at least some crude oil and gas production has suffered significant damage. There will be an unknown volume of sustained production loss.

2. The world had effectively zero spare capacity prior to this storm.

3. To the extent that US natural gas supplies run short, power plants will switch to oil.

4. The US will thus use more oil and produce less than it otherwise would.

5. Refined product production seems likely to be curtailed at least in the short term due to refinery damage and lack of power.

6. The only way to meet physical demand is to draw down stockpiles. The US has substantial crude oil stockpiles in emergency storage and as such this can be done as far as crude oil is concerned. Refined products are more of a problem if refinery outages are prolonged.

7. To the extent that it is necessary to transport stocks of refined products from outside the US, finding sufficient ships is likely to be a problem. Likewise unloading and transporting the products at the US end may be problematic due to lack of infrastructure. And that is assuming normally tight fuel specifications are relaxed.

8. The total volume of lost production over the coming months is now the critical question as far as oil and gas are concerned. If this loss plus all other losses globally comes anywhere near depleting the emergency stockpiles then the world has a BIG problem.

9. The US government is likely to be reluctant to release more stockpiled oil than absolutely necessary IMO due to the strategic / price / military implications of no longer having that stockpile.

10. The markets so far seem to have priced in a best case scenario of only short term production losses and a relatively quick restoration of most or all production. This may or may not reflect reality. The market seems to be acting as one would expect if there were spare capacity globally, which IMO there is not. One could conclude that the market in general seems unaware that any loss of US production necessarily means a reduction in worldwide output due to the lack of spare capacity. And the issue of natural gas and its relationship to oil seems to have been almost completely overlooked.

In short, it's to early to be certain but it is NOT safe to assume that all will be well with oil and gas. This has implications for the UK, Australia and every other country. It is not purely a US issue.

Edited by Smurf1976
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The information coming out today suggests this is far worse than initially though. Levees have failed, 80% of the city is up to 20 feet underwater. No numbers on deaths but it could be in the thousands.

It's truly incredible - we saw this coming on Sunday yet there was no media coverage here, even on Monday it only got the usual 3 minute report of America's had another hurricane etc... It should have been obvious that when a hurricane like this hits New Orleans it would be unlike anything we've seen before. The news helicopters have only been allowed to fly in the last hour so expect people to wake up to the magnitude of this disaster soon. I think this is the end of New Orleans, there were around 100,000 of the 485,000 people left when it hit… where are they now? The death toll is going to be unbelievable. :(

Coast guards have picked 1,200 from rooftops. Water is to roof level and still rising in plances.

To helicopter footage looks like the stuff from after the Asian tsunami… hit by a 20-30 foot storm surge that’s as high as the tsunami.

There's a oil rig washed up on the beach...

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PMSL There must be some Brits on there....

'Have any other nations ponied up yet? Will there be the same international help offered for Tsunami victims in Indonesia? Any guesses? '

Yes, the people in Niger, Africa are sending over all that food that they don't have. They are very concerned that the US might not be able to remain the richest nation in the history of the world.

http://forums.fark.com/cgi/fark/comments.pl?IDLink=1644013

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