We’re told Hurricane Ida has cut our oil output by 91% as wells have been shut down.
Scary headlines also try to convince us it’s so much worse than a few years ago.
Of course more are shut down. Oil companies learned a big lesson back then and aren’t taking chances now plus they now they’ll be made whole when they raise gas prices to $5 a gallon.
Energy companies on Saturday had cut 91% of U.S. Gulf of Mexico crude oil production, or 1.65 million barrels, as Hurricane Ida churned through offshore oilfields, according to regulator Bureau of Safety and Environmental Enforcement (BSEE).
They also curtailed 1.89 billion cubic feet of natural gas production, or 85% of their output, according to a BSEE tally of reports from offshore producers.