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CFE 101005
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CFE 101005
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I <br /> WEDNESDAY, SEPTEMBERI4 , 2005 THE HERALD -SUN , DURHAM , N .C . <br /> rta ment reserves and foreign iftoge <br /> plies, there is no such backstop <br /> for natural gas . <br /> GAS "We don't have an internation- <br /> of atura al market" that the country could <br /> rely on for additional supplies as <br /> FROM PAGE Cl pp <br /> . it does with oil, Norton said, <br /> as . causes per production beyond then. Last week, the Energy Infor- <br /> Bodman and Norton visited mation Administration estimated <br /> one of the government's Strate- that natural gas prices would <br /> go Petroleum Reserve facilities, soar this winter because of the <br /> erns where the gove <br /> coner <br /> rnent is provid- hurricane, including i <br /> m ncreases as <br /> ing several refineries with oil to much as 71 percent in parts of <br /> make up for supply losses . They the Midwest. <br /> Energy officials then went to an ExxonMobil Bodman and Norton met with <br /> refinery near Baton Rouge, La. , senior executives from two <br /> worry prices will I which has needed government dozen energy companies Mon- <br /> I oil to continue production. Houston. The <br /> Soar in the winter . Bruce March, the refinery's day evening in <br /> manager, said that about 20 per- executives said they needed gov- <br /> BY H . JOSEF HEREBY cent of its crude is coming from ernment help in arranging for <br /> Associated Press the government stockpile . The housing for thousands of employ. <br /> BATON ROUGE, La. -- It may refinery, the second largest in ees as they struggled to return <br /> take months to resume fully nat- the country, scaled back produc- <br /> roduction after Hurri- after the hurricane the Gulf 's oil and gas system to <br /> ural gas p tion briefly ro_ full operation <br /> he said. <br /> cane Katrina, top Bush admims_ hit, but it now is again in full p ' <br /> tration ' officials said Tuesday <br /> while expressing worries about <br /> shortages this winter. . duction, March said . <br /> Unlike with heating oil and Norton said that 58 percent of <br /> gasoline, there's little ability to Gulf oil production remains shut <br /> make up the difference with down, as does 38 percent of the <br /> importsm region's natural gas production. <br /> "There are concerns about the No backup <br /> supply of natural gas," Energy Both Cabinet members <br /> Secretary Samuel Bodman said expressed concern about upcom- <br /> Tuesday, a week after an agency ing supplies of natural gas . About <br /> in his department predicted that one-third of the Gulf 's natural <br /> natural gas prices in some parts as p roduction has been disrupt, <br /> of the country will be 71 percent ed. <br /> higher than last winter. Bodman said that "there is less <br /> Bodman and Interior Secretary known,, about the extent of dam- <br /> Gale Norton took a helicopter age to underwater natural gas <br /> tour of the Gulf to observe the pipelines and it's uncertain when <br /> damage to oil platforms and flew those facilities will be up in full <br /> over the Louisiana Offshore Oil operation. He said it could be <br /> Port, the terminal where huge oil several months before the <br /> tankers drop off their cargo in region <br /> 9s natural gas system <br /> deep waters miles offshore. recovers . <br /> Evidence that the recovery of While the loss of oil production <br /> the regions oil production facili is being made up from govern- <br /> ties is incomplete, at least half a <br /> dozen tankers were anchored <br /> near the port waiting to drop off <br /> their cargo . The facility, known as <br /> the LOOP, returned to full opera- <br /> tion last weekend. <br /> Norton said that 90 percent of <br /> the Gulf oil platforms will be <br /> capable of production by the end <br /> of the month. But she emphasized <br /> that there is widespread damage <br /> to onshore facilities that will hani- <br /> see GAS I page C2 <br />
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