The New York Times: At Time of Epic Storms, Oil Industry Thinks Anew
“Shell said its output – which usually amounts to 450,000 barrels a day, or nearly a third of the gulf’s oil production – would be down 40 percent until next year.”
By JAD MOUAWAD
Published: September 15, 2005
Around the world, offshore oil and gas platforms are generally built to survive without serious damage a so-called 100-year storm – a hurricane so powerful that it typically occurs only once every hundred years.
Hurricane Ivan roared through the Gulf of Mexico a year ago, generating the highest waves ever recorded there in a storm considered likely to occur only once every 2,500 years. Given the scale of the hurricane, it was inevitable that it would wreak havoc in the gulf, America’s biggest energy-producing region, uprooting miles of underwater pipelines, destroying platforms and crimping production for months.
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