Access to Federal Resources in the United States Is Probably Our Greatest Challenge,AOGM is Told by Senior Executives of the Independent Petroleum Association of America

摘要

AOGM:What will be the impact of hurricane Katrina on the oil demand-supply balance in the United States and the world? Do you think it will have a lasting effect?Frederick Lawrence:According to the Minerals Management Service [Editor's note:The MMS is part of the United States' Department of Interior],the impact of Katrina on U.S.oil production could be spread over the period to the end of 2005 and beyond as we get a better idea of damage done by hurricanes Katrina and Rita-onshore,offshore and subsea.From the oil standpoint,this hurricane hit at a very bad time,since the market was already very tight before and the world's surplus production capacity was very low,even though oil