Weekend Storm Threatens GoM Production

"Normal oil and gas production processes could be disrupted this weekend. . ."

A storm with potential for conditions similar to a minimal tropical storm, could affect oil production in the Gulf of Mexico this weekend, according to AccuWeather.com. The storm is expected to begin Friday afternoon around 1pm for the western and central Gulf, moving through the eastern portion of the region on Saturday.

"An El Nino-based rogue storm for the Gulf states occurring Friday afternoon into Saturday will produce gales up to 50 mph and 10 to 15 ft (3 to 5 m) waves," says AccuWeather.com Senior Expert Meteorologist and Expert Long-Range Forecaster Joe Bastardi. "Normal oil and gas production processes could be disrupted this weekend, like the disruptions that happen when a weak hurricane strikes."

01/13/2010

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."