re: Deepwater crude oil export project looks to build offshore Louisiana

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Does this mean we get to fish the LOOP platforms in the near future?

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My exact thoughts. There is good fishing inside that loop, been run out of there many times.

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Fourchon isn’t going anywhere. A couple years ago the state was looking for a place to start building a new port, but there were no places that could satisfy both being close to the platforms and rigs while also providing more protection from hurricanes. Cameron was the final place to be considered, but it would have been too long to get to the gulf plus extra travel time to get to a majority of the rigs.

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Not to mention the state and Fed’s will start construction on the next phase of LA 1 that will help with access to the port.

Most of the storm events of this year continued to show the weakest link was LA 1 between Leeville and Golden Meadow. That will be replaced with an elevated road by the middle of the decade.

Also, the are talks and plans to go deep at Fourchon to increase the port’s depth to 50 feet. 50 feet could be a game changer and open it to more than oil and gas.

A pipe dream would be getting Fourchon rail access, But that would be another billion dollar project.

Seems to me that this has more to do with oil exports than imports.
As the US becomes a bigger producer, we’re able to export more.

Is the LOOP facility must be maxed out on exports of oil?

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JBE losing business to Texas

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I'm not a JBE fan, but yours is a foolish take. The oil is coming from West Texas and New Mexico. They are not going to pump it all the way to Louisiana no matter what JBE does.

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The salt caverns they are talking about - are they under the ocean floor??? Are they pumping oil into these caverns or are they open and they are storing barrels down there? Kind of blows my mind that there might be people and equipment in an underground cavern under the ocean floor.

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Salt caverns can be anywhere on the coast.

Some of them are high like Avery Island, while others are low like one in Cloverly where Loop is.

It is just a salt deposit. They use water to hallow out a cavern in a controlled way.

You just better not puncture the wrong spot or you got a major problem see the Bayou Corne, Assumption Parish sinkhole for instance the Lake Peigneur, Jefferson Island incident.

The Jefferson Island incident was an actual mine and there were people inside when an oil rig drilled too close sending water into a salt cavern.