Oil & Market Correlation, Thunderhorse

July 17, 2005 6:30am by

A few interesting oil data points:

Gary B. Smith of Real Money agrees that there is no inverse correlation as of yet:

]Oil_7_years

>
Also, check out British Petroleum’s 42,000-square-foot, billion dollar oil platform in the Gulf named Thunderhorse.  It is listing precariously:

click for larger photos
Bps_thunderhorse_3

Bps_thunderhorse_1

 

via Pitpundit Blog 

Sources:
Do Oil and the Market Mix?
Gary B. Smith
Real Money, 7/14/2005 12:36 PM EDT
http://www.thestreet.com/_rms/comment/gbs/10232253.html

BP’s Thunderhorse platform still listing precariously – pictures
By Tim Wood
13 Jul 2005 at 11:53 AM
http://www.resourceinvestor.com/pebble.asp?relid=11305

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What's been said:

Discussions found on the web:
  1. fatbear commented on Jul 17

    Thunder Horse was to be brought on-line later this year, and was to represent more than 1% of total US oil use by next year (250K b/d). In addition, it was the first use of North Sea deepwater technology in the Gulf, and any failure requiring a heavy re-think of that tech would be a setback to expected supply from these blocks.

    FT has mused that Thunder Horse sinking would be $4B hit to BP.

    P.S. – are these on-topic enough?

  2. Econbrowser commented on Jul 18

    The week in oil markets

    The news from China last week could be the first indication of an extremely important
    development.

  3. Griffith commented on Jul 18

    Make that a $6.5 billion dollar investment.

  4. Econbrowser commented on Aug 15

    The week in oil markets

    The news from China last week could be the first indication of an extremely important
    development.

  5. Econbrowser commented on Jan 6

    The week in oil markets

    The news from China last week could be the first indication of an extremely important
    development.

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