Tempers flared last Tuesday at a meeting in the rural Louisiana town of Pierre Part as the slurry churned in an Assumption Parish swamp, but state regulators assured citizens that there’s no danger of a natural gas or any other kind of explosion.
Articles from Churned
Tempers flared Tuesday evening at a meeting in the rural Louisiana town of Pierre Part as the slurry churned in an Assumption Parish swamp, but everyone in attendance was told there was no danger of a natural gas or any other kind of explosion.
Even as Tropical Storm Don churned into the central and western Gulf of Mexico and hot weather forecasts continued for much of the eastern U.S., prices fell in most of the market Thursday. The fact that trading covered flows over the July 30-31 weekend played a part in the overall softness, and the flat performance of expiration-date futures on Wednesday gave no guidance to cash traders.
It was deja vu all over again, as Hurricane Rita slowly churned into the southeastern Gulf of Mexico as a Category Two storm after dumping heavy rain in the Florida Keys on Tuesday. The storm is expected to intensify into a Category Three and its center was projected to reach the middle of the production area off Texas sometime Friday. In preparation, energy companies were stepping up offshore evacuations.