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No Hurricane Has Hit U.S. Energy Markets Quite Like Ida Has

  • Three-fourths of U.S. Gulf oil, gas production still offline
  • Sector recovered much faster after Hurricane Katrina in 2005
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Just over 20% of U.S. Gulf of Mexico oil and natural gas production is back online after Hurricane Ida battered southeast Louisiana, marking an even slower comeback than in the wake of Katrina.

More than a week after the Category 4 storm made landfall, about 77% of the region’s offshore production remains shut, according to the Bureau of Safety and Environmental Enforcement. By comparison, about 60% of oil output and 40% of gas was still offline this long after Hurricane Katrina devastated New Orleans and its environs in 2005.